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The iPhone 5 hasn’t been out for too long, but analysts are already starting to track its progress. New information coming from investment bank Canaccord Genuity asserts that the fifth generation iPhone is doing better than ever, and is actually exceeding initial expectations posted by experts of the industry.
Information gathered in November indicates that the iPhone 5 has seen a lot of sales especially from the giant carriers of America – AT&T, Verizon and Sprint, but it has done well in the international market too. On top of that, Cupertino is planning to extend its carrier chain to reach 240 partners spread over 100 countries by the end of 2012. For example, the iPhone 5 will arrive this week in Korea and by December 14th in China – a market that’s waiting to be tapped by the tech giant. Therefore, Canaccord has revised its initial prospects on iPhone 5 sales.
Now Canaccord expects Cupertino to ship out 47.5 million iPhones just in the holiday quarter. Compare that to the 45 million it originally anticipated.
"Bolstered by the iPhone 5, we believe Apple's industry-leading software ecosystem and integrated hardware experience will lead to a strong multi-year product cycle,"
Another reason why Apple accelerated its shipping process, thus selling more devices, is because the company finally managed to resolve the issues it had within its supply chain. At first, Apple had a hard time meeting demands, as it usually does when it launches a product, but slowly things start to settle in.
Source: Forbes
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