Just days after the iPhone 5 went on sale in India, most retailers are already out of stock.
“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.
About 10,000-15,000 units were shipped to India for the first round of sales after the launch, a person familiar with the matter told India Real Time. Overall, specialized distribution companies and mobile phone companies have together placed orders with the Cupertino, Calif. company to ship 100,000 iPhone 5 units to India to be sold in the first month, according to analysts.