Apple have every right to be ecstatic about the launch of the new iPhone 5. We have been subjected to months of speculation surrounding the new flagship model and now it has been finally unveiled by the company the public seem to have immediately taken the phone to their hearts. This affection for the new handset has seen Apples share prices soar to a record high.
Pre orders for the new iPhone 5 began on the 14th September ahead of tomorrows official launch date. After just a couple of hours of the phone becoming available online estimation predicted that between 1.3 and 1.5 million units had been sold. This massive demand resulted in thousands of consumers facing delayed shipping dates for the new model. It now seems that these early predictions were incorrect as Apple have since revealed that a staggering 2 million devices have been sold and this figure continues to rise. When the iPhone 4S was released in 2011 it surpassed all expectation by clocking up 1 million pre orders so the new model has surpassed this by quite some distance.
The speculation surrounding the iPhone 5 coupled with the strong early sales of the model have pushed Apples price on the New York Stock Exchange to an all time high level. Shares in the company now sell for $700 and speculation regarding a new iPad Mini and an iOS television is only set to push this figure even higher. It is now expected that this phone may well sell 10 million units before the month is out and estimations of between 50 to 60 million total sales over the year do not seem to be far wide of the mark.
The iPhone 5 is not only destined to be the most successful generation of the iPhone ever but it could also become the biggest selling smartphone of all time. Great new features on the phone have turned the head of traditional Android consumers while they also prove a tempting upgrade option for those already using Apple handsets.
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