iPhone 5: 2mn Pre Orders in 24 hrs despite being more Evolutionary than Revolutionary

| Updated: Tuesday, March 26, 2013, 17:33 [IST]

Leading analyst and research firm, RBC Capital Markets has said last week that iPhone 5 will sell approximately 10 million units within the first month of its release. Well, the reports from RBC seem quite realistic, as on Monday, Apple Inc. declared that pre-orders of the iPhone 5 surpassed the 2 million unit mark in the first 24 hours — more than double the initial sales of last year"s iPhone 4S model – which managed to make 4 million sales across 7 markets within just a week of its launch.

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Apple has already announced that iPhone 5 will be made available across 31 countries before the end of this month. At the same time, according to the report, existing versions of Apple iPhone including iPhone 4 and iPhone 4S are also expected to reach record sales of 33 million units in third quarter compared to 26 million units in the second quarter. Already, the the predecessor of iPhoen 5 – 4S witnessed a price cut of around $50 on various US carrier networks.

In a statement released ahead of Wall Street"s open, Apple said demand for the smartphone “exceeds the initial supply," meaning that some of those who pre-ordered the device on Friday will not receive their order until sometime in October. The company said the “majority of pre-orders" will be delivered on the official launch date this Friday.

Moreover, reportedly, Apple has some ambitious plans for the holiday quarter of this year. The company hopes to make record sales by the end of the quarter with iPhone 5 which will be made available across 100 countries in the world.

While, the Cupertino-giant has quite unexpectedly missed out on a few most-anticipated features such as the wireless charging, NFC and more, when the company launched the sixth generation iPhone on September 12, which spurred disappointed among many tech enthusiasts, however it seems that Apple fanboys are the most loyal fans of the 'iGadgets' and in the end , as ZDnet report states specs doesn"t matter to them when it comes to purchasing the new iPhone 5.

Still, here is a brief listing: iPhone 5 comes with a bigger display of 4 inches compared to 3.5 inches of its predecessor models. Other key features in iPhone 5 include a better 'retina display" unit, improved Siri feature and light weight. The company has announced the price for iPhone 5 in US market. The 16GB, 32GB and 64GB versions will be available in the US market on a two-year contract basis at a price tag of $199 (approximately Rs.11,000), $299(approximately Rs.17,000) and $399(approximately Rs. 22,000).