NEW YORK (AP) — 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.

The sales tally is a record for any phone, but it beats last year's iPhone 4S launch only by a small margin. Apple said then that it sold 4 million phones in the first three days.