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The iPhone 5 sold five million in the first three days. The phone was announced Sep-12, preorders opened Sep-14, sales opened Sep-21. If you look at the estimated BOM+manufacturing cost ($207) that means Apple probably had a billion dollars worth of iPhones sitting in their distribution network before they even started selling them.

Does Google have five million of these phones sitting in a warehouse? I doubt it, they probably manufactured based on historical Nexus sales figures, and I'd guess that the fact that this is sold out just means it is selling better than previous Nexus phones.

EDIT: I can't find a good source but my best estimate for the sales of the Galaxy Nexus (i.e. Nexus 3) is 100,000 per month based on sales of $250M over 6 months at $400 ea. [1]

[1] http://www.theverge.com/2012/8/20/3256590/samsung-galaxy-nex...




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