Apple has sold over five million iPhone 5s in its first week on sale and over 100 million iOS devices have updated iOS 6, it's claimed.
According to Apple CEO Tim Cook initial iPhone 5 sales numbers topped launch sales of the iPhone 4S by one million. The company is now endeavoring to continue meeting the high level of demand.
"Demand for iPhone 5 has been incredible and we are working hard to get an iPhone 5 into the hands of every customer who wants one as quickly as possible," said Apple CEO, Tim Cook.
"While we have sold out of our initial supply, stores continue to receive iPhone 5 shipments regularly and customers can continue to order online and receive an estimated delivery date. We appreciate everyone's patience and are working hard to build enough iPhone 5s for everyone."
The latest iteration of the device is currently available in the US, UK, Canada, France, Germany, Hong Kong, Japan, Singapore and Australia. Apple has stated plans to introduce the iPhone 5 in 22 more countries in the immediate future.
In the lead up to release Apple share values soared to an unprecedented $700, peaking at $701 and closing at $699.78. Since January, shares in Apple shares have climbed 73 per cent.