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Apple Inc. said Monday that it sold more than 5 million units of the iPhone 5 in the three days since its launch, less than analysts had expected. Apple shares were down $6.60, or 0.9 percent, at $693.49 in morning trading. The shares are still close to their all-time high of $705.07, hit Friday as the phone went on sale in the U.S., Germany, France, Japan and five other countries.

Tim Cook is no Steve Jobs when it comes to leading Apple Inc. As the debut of the new iPhone 5 just proved, that may not be a bad thing. The taller, thinner and lighter phone prompted a rush on Wall Street to raise price targets for Apple stock, but the optimism was not because of a big technological advance or design breakthrough; the "wow" factor that was the trademark of the late Apple co-founder Jobs was decidedly absent.

A German court has dismissed Apple Inc.'s claim that Samsung Electronics and Google Inc.'s Motorola Mobility infringed patents used in touch-screen devices. The Mannheim state court's ruling Friday follows similar decisions in Britain and the Netherlands.

In a now familiar global ritual, Apple fans jammed shops from Sydney to Paris to pick up the tech juggernaut's latest iPhone. Eager buyers formed long lines Friday at Apple Inc. stores in Asia, Europe and North America to be the first to get their hands on the latest version of the smartphone.

...Apple released an update to its iPhone and iPad operating system on Wednesday that replaces Google Maps with Apple's own application. Early upgraders are reporting that the new maps are less detailed, look weird and misplace landmarks... One Twitter user quipped that the lines of people queuing up to buy the iPhone 5 on Friday will be shorter, because the buyers will be misled by the new Maps.

Even if you’re not planning to upgrade your iPhone to the iPhone 5, that doesn’t mean you have to sit out the smartphone refresh fun. Apple’s going to release the next version of its operating system, iOS 6, to the public Wednesday, which will come with an improved version of Siri, a new mapping app and calling features, such as the ability to set a “do not disturb” period.

Shares of Apple moved above $700 for the first time ever Tuesday morning, boosted by a strong reception for the latest version of its popular iPhone.

The rush to be the first kid on the block with the latest iPhone is on. At midnight on Thursday, the new iPhone 5 became available for pre-order online though the Apple, Verizon, Sprint and AT&T sites. On Friday, major online outlets had already moved their estimated shipping dates back, indicating a large volume of orders or limited supply of iPhones ready to ship next Friday, September 21.

Apple did not violate patents owned by Samsung Electronics in making the iPod touch, iPhones and iPads, a judge at the International Trade Commission said in a preliminary ruling on Friday.

Delivery times have climbed quickly as Apple takes orders for the iPhone 5, suggesting strong demand. Apple began taking orders for the phone at 12 a.m. Pacific time. It initially promised delivery by next Friday, when the new phone also goes on sale in stores.