iPhone 5 goes on sale
Apple’s iPhone 5 hit stores around the globe on September 21. Apple has booked more than 2 million pre-orders for the device in the first 24 hours, double the first-day sales of the previous iPhone 4S.
The new phone has a larger, 4-inch screen and is slimmer and far lighter than the previous model. The iPhone 5 supports faster 4G mobile networks and also comes with a number of software updates, including Apple’s new in-house maps feature.
The iPhone is Apple’s highest-margin product and accounts for half of its annual revenue. Apple has said it will make initial deliveries of the iPhone 5 on Friday in the United States and most of the major European markets, such as France, Germany and Britain. The phone then goes on sale on September 28 in 22 other countries.
Apple plans to sell the new phone in 100 countries by the end of the year.
“There are millions of O2 customers wanting to get their hands on the new iPhone 5″
An estimated 600 people queued around the block from the Apple store in central Sydney . Some analysts expect Apple to sell up to 10 million iPhone 5 models in the remaining days of September and JP Morgan estimates the phone release could provide a $3.2 billion boost to the US economy in the fourth quarter.