High Demand Pushes iPhone 5 Debut
The company began taking orders for the iPhone 5 last Friday and received more than two million in the space of 24 hours.
That's more than double the number of orders that were made for the device's predecessor - the iPhone 4s.
But while it's good news for Apple and its shareholders, who witnessed the stock rise by $5.40 to $696.67 in morning trading, the same can't be said for all individuals who have ordered the iPhone 5.
The company said today that most orders would be delivered, as planned, by Friday but also confirmed that due to high demand, some devices would not be scheduled for delivery until October.
"Everybody feels they have to have the newest one, the newest model," said A. Michael Noll, professor emeritus at the Annenberg School for Communication & Journalism.
Some feel that the iPhone 5 is worth both the cost and the wait.
"I think it is a good deal, and compared to other phones, I think it's one of the best phones out there," said USC student Peter Kim.
The iPhone 5, which was unveiled last week, boasts a bigger screen than previous versions.
It will be on sale at Apple outlets from Friday. It will also be available for purchase at AT&T, Sprint, Verizon Wireless, some Best Buy, RadioShack, Target and Walmart stores.