Apple Sold 2M iPhone 5s in 24 Hours

Which means demand outpaces initial supply
By Polly Davis Doig,  Newser Staff
Posted Sep 17, 2012 12:30 PM CDT
Apple CEO Tim Cook talks on stage during the introduction of the new iPhone 5 in San Francisco, Wednesday, Sept. 12, 2012.   (AP Photo/Eric Risberg)
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(Newser) – Looks like the iPhone 5 might be the apple of Apple's eye: Tim Cook and Co. say they hawked 2 million of the smartphones in the 24 hours after it went on sale at 3am Friday. That number not only "suggests that iPhone 5 is running well ahead of iPhone 4S," as one analyst says, but also that demand is running well ahead of supply; Apple says most orders will be filled on Friday, but the surge means that some won't be delivered until next month, reports the AP. Apple's stock was flirting with the $700 mark this morning in response.

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