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Apple iPhone 5 orders top 2 million in first day
Apple began taking iPhone 5 orders at 3 a.m. on Friday and within 24 hours had surpassed 2 million, more than doubling the iPhone 4S pace. Some deliveries set for October due to high demand. stock rose to near records. Analysts raised sales forecasts to 9–10 million in the quarter, noting the new model's larger 4 inch screen, LTE, thinner build, and faster processor.
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Cupertino
Calif
Apple
T. Michael Walkley
Canaccord Genuity
Walkley