Two iPhone security experts told Reuters they believed a German hacking group had already cracked the code on the fingerprint scanning technology of the iPhone 5S. The group, known as the Chaos Computing Club or CCC, posted a video on their website which showed the process. The video revealed a person getting access to the iPhone 5S using a fake fingerprint which was lifted from a transparent sheet. CCC said they hacked the Apple's Touch ID security to belie reports that it was difficult to hack.

A CCC hacker named Starburg said, "Fingerprints should not be used to secure anything. You leave them everywhere, and it is far too easy to make fake fingers out of lifted prints."

Earlier, micro venture capital company I/O Capital said it would give USD 10,000 as prize to anyone who would first hack the fingerprint scanning technology. The venture capital firm said it would make its own decision on the winner of the hacking contest.

Meanwhile, a Wall Street analyst said Apple's newly-launched phones was set to post solid sales. ISI Group Analyst Brian Marshall said he expected Apple to have a sold an estimated 6 million units on opening weekend. This would represent a 20% increase from the launch weekend sales of the iPhone 5.