(Photo : Reuters)
Apple's iPhone 5 has been eating up the news at a record pace. As the phone's release date approaches and an incredible two million pre-orders have been placed in the first 24 hours, Apple's stock has surged to above $700 for the first time, making the world's most valuable company, even moreso.
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Apple unveiled the iPhone 5 at a press conference on September 12. Pre-orders began on September 14, and the iPhone 5 will be in stores on September 21, in just three days.
And in that short time, the iPhone 5 has already shattered the iPhone 4S record of one million pre-orders in its first day, and has analysts scrambling to keep revising their estimates upwards. The iPhone 5 accounts for around two-thirds of Apple's profits.
"It leaves me in awe," said Rex Ishibashi, chief executive officer of Callaway Digital Arts, a game developer for the iPhone, to Bloomberg. "It's reflective of how important these devices and these digital technologies have become in our lives."
The iPhone 5 is the biggest redesign to the iPhone design in a couple years. It is the first 4G LTE iPhone, and will help introduce a new 9-pin dock connector. It will come with a larger 4-inch Retina display that promises 16:9 viewing. The phone will only be taller, and not wider, and despite the increased screen size, the iPhone 5 will end up being the thinnest and lightest iPhone ever - even thinner and lighter than rival Samsung's Galaxy S3.
Apple's next-gen handset will debut with the Apple's new mobile operating system, iOS 6, which will introduce an improved Siri, Apple's own maps system, as well as Facebook integration.
The iPhone 5 will also feature an 8-megapixel rear-facing camera and a 1.2-megapixel front-facing camera that will allow users to FaceTime in HD.
It's clear that the iPhone 5 has people excited, but are you?