AT&T: iPhone 5 is a Record SMASHER

AT&T (NYSE:T) has said the iPhone 5 set a sales record over the weekend and that the new Apple (NASDAQ:AAPL) smartphone was the bestselling iPhone the operator had ever offered.

Don’t Miss: Is the iPhone 5 a BURDEN on Apple?

“Customers ordered more iPhones from AT&T than any previous model both on its first day of preorders and over the weekend,” AT&T said in a statement.

AT&T, rivals Verizon (NYSE:VZ) and Sprint (NYSE:S), and Apple sold out of the initial preorder stock for the device within an hour on the opening day of sales on Friday, with shipping estimates having to be postponed to between two and three weeks from one. While AT&T did not disclose unit sales of the device, it added in Monday’s press release that the new iPhone was again available for preorder and would be in its retail stores from September 21.

The previous model, the iPhone 4S, crossed the 1 million in sales within the first 24 hours and its total sales exceeded 4 million over the launch weekend. It remained the top-selling smartphone in the U.S. until this August. Before that, the iPhone 4 had set a one-day sales record of 600,000 units.

The iPhone 5 will reach customers in the U.S., the U.K., France, Germany, Australia, Canada, Hong Kong, Japan, and Singapore on September 21 and is expected to make it to 100 countries by the end of the year.

The sixth-generation iPhone, unveiled last week, is slimmer, longer, and lighter that its predecessor, sports a faster processor, and is compatible with faster LTE networks.

Apple has been a huge winning stock pick for Wall St. Cheat Sheet Newsletter subscribers. Don’t waste another minute — click here and get more of our CHEAT SHEET stock picks now.