Eager fans wait for the iPhone 5 at Apple's flagship store on Fifth Ave. in Manhattan.
(Credit: Greg Sandoval/CNET)
Apple said it sold 5 million iPhones over the weekend, topping the mark set by last year's iPhone 4S by 1 million units.
The Apple frenzy continued its memorable run with lines snaking out of some of its most high-profile stores on Friday as consumers eagerly snapped up the company's latest smart phone. The figure, however, isn't quite as high as some analysts expected, with one notably calling 6 million his "worst-case scenario" for first-weekend sales.
Still, the iPhone 5 reestablishes Apple's dominance in the smartphone business. While Samsung Electronics may lead the market in total smartphones sold, no other company can garner the kind of excitement and anticipation for a new product, and few companies can reap the sheer amount of profit that Apple can with the iPhone.
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