Apple Inc.(NASDAQ:AAPL) is planning on more than doubling the number of nations that sell iPhone 5.
Apple has recently announced that the iPhone 5 will go on sale in South Korea this Friday and arrive in over 50 more nations by the ending of this month.
The iPhone had gone on sale officially in the US and some of other countries on 21st September and is presently available in 47 nations around the world. The accelerated release this month will aid Apple to make good on its promise to get the iPhone on sale in 100 nations by this month.
The news of the extended release comes when supplies of iPhone 5 eventually is appearing to catch up to the demand. Shipping times for the for the iPhone in the United States are now a week, after more than two months of shipping times between 2-3 weeks.
On December 7th, iPhone 5 will be released in South Korea. The smartphone will be available in Albania, Bahamas, Antigua and Barbuda, Brazil, China, Cyprus, Indonesia, Kuwait, Malaysia, Bolivia, Chile, Armenia, Bahrain, Grenada, Jamaica, Jordan, Costa Rica, Israel, Panama, Macedonia, Moldova, Philippines, Russia, Taiwan, UAW, Venezuela, Turkey and many others on 14th December. It will be released in Botswana, Cameroon, Egypt, Kenya, Mali, Morocco, Vietnam, Tunisia, Senegal, Mauritius, Ivory Coast, Guinea, African Republic, Uganda and many others on 21st December.
The iPhone 5 has proved to be a strong seller for Apple. The company has sold over 4 million iPhones in the first weekend. By the time the year ends, the smartphone will be available on around 240 wireless network operators in 100 markets.
Canaccord seems optimistic about Apple’s iPhone 5 sales in December and the fourth quarter. It has said in a note to investors that Apple’s industry leading software ecosystem and advanced hardware experience will result in string multi-year product cycle.