Apple sells out of iPhone 5 stock during first 24 hours of India launch

By , Nov 6, 2012

As we previously reported, the iPhone 5 went on sale in India over the weekend. And apparently it was quite the success. According to a new report, the handset sold out in the country in just 24 hours.

This is a pretty big deal for Apple, as India buys over 200 million handsets per year, but they’re typically of the low-end, low-cost Android variety due to the country’s larger prepaid wireless market…

The Wall Street Journal reports (via MacRumors):

““We were sold out within 24 hours of launch. It’s all gone,” said Himanshu Chakrawarti, chief executive of The MobileStore Ltd., a retailer that stocks iPhones and which has 900 outlets across India. Apple Inc.’s latest iPhone officially launched in India on Friday, more than a month after it hit major markets elsewhere.”

Analysts expect India to buy more than 200,000 iPhone 5s by the end of the year. And while this is nothing compared to sales figures in the US and other countries, India only bought 50,000 iPhones last quarter.

If Apple wants to continue to grow its iPhone business, it’s going to have to make inroads into large population countries where it has little marketshare, like China and India. A lot of folks thought the company would have to release a cheaper handset to do it. But if this launch is any indication, that may not be the case.

  • Share:
  • Follow:
  • CollegiateLad

    I thought iPhones were supposed to be too expensive for India? I hate to say I told you so… lol

  • http://twitter.com/Ali4773 Muhammad Ali

    good for apple and indians i wish apple will start sell there device in pakistan too .

  • Shahenjit

    here is an inside news. the iPhone 5 were already sold out in Pre-Orders

    • http://twitter.com/Ad1tyaS Ad1tya

      Um, no. I walked into Croma on the 3rd morning and picked mine up. Didn’t bother standing in line to “collect” pre-orders. The launch was so badly managed, it’s not even funny.

      • Shahenjit

        Don’t know about Croma but i checked up at all iWorlds in New Delhi and also few in other cities. All were sold out on pre order. Places like Amritsar had 32 pre orders but they got only 15 devices!
        Apple retail staff in India needs ti improve!

  • http://twitter.com/muzikislyfe Richard Gomez

    To think since it was in India i was expecting a huge amount of sales

  • http://www.facebook.com/lalwani.mohit Mohit Lalwani

    i got mine on 3rd nov :)

  • Thomas

    Somebody (read Christian) was saying something about some line the other day and that there are many people standing on it or peeing on it or something like that. What was that again?

  • http://twitter.com/_Balushi_ Balushi

    Any news about iPhone 5 launch in Dubai?