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Apple: iPhone 5 Pre-Orders Topped 2M in 24 Hours (USA Today)
Apple on Monday said iPhone 5 preorders topped 2 million in 24 hours. The company said that because demand exceeded initial supply, some pre-orders will be delivered in October although most will be delivered this Friday. CNET That’s about double the first-day preorders for the last model, the iPhone 4S. One analyst is estimating sales could reach 10 million within the first week of it going on sale. Los Angeles Times Pre-ordered iPhone 5s have begun to ship and are on their way from China, according to various reports. Numerous people who pre-ordered their iPhone 5s have begun to say they’ve received shipping emails notifying them their iPhone 5s have left Zhengzhou, China. Bloomberg Businessweek Apple surpassed $700 in late trading Monday, fueling optimism that the company will keep generating the revenue growth that transformed it from a niche computer manufacturer into the world’s most valuable business. The stock has advanced 73 percent this year. GigaOM There was a 16-month gap between the iPhone 4 and iPhone 4S releases, and the September 2011 quarter saw an earnings miss as a result. By releasing iPhone 5 right before the end of the September quarter this year, Apple’s ensuring that won’t happen again. continued…
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