© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
TECHNOTE: WKAR broadcast signals will be off-air or low power during tower maintenance

Apple Runs Out Of Initial iPhone 5 Stock

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with: somebody restock the shelves.

Apple says it sold more than 5 million of its new iPhone 5s over the weekend. The company says it has now run out of its initial stock. On its debut weekend, the iPhone 5 sold better than the last version of the iPhone. But sales were not quite as strong as many analyst expectations, and there are concerns about Apple's ability to keep up with demand.

This comes amid a labor dispute that has temporarily closed a Foxconn assembly plant in northern China. Foxconn produces Apple products. It is unclear if that labor disputes will disrupt Apple's supply chain. Transcript provided by NPR, Copyright NPR.

Journalism at this station is made possible by donors who value local reporting. Donate today to keep stories like this one coming. It is thanks to your generosity that we can keep this content free and accessible for everyone. Thanks!