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iPhone 5 Preorders Hit 2M in 24 Hours

By Andrew Berg | September 17, 2012

The iPhone 5 got off to a good start on Friday, with both Apple and AT&T confirming record-breaking preorders of the new device. 

In a press release, Apple today reported two million preorders in the first 24 hours. That’s double the previous record of one million held by iPhone 4S. 

Apple said that demand for iPhone 5 exceeds the initial supply, noting that while the majority of pre-orders will be delivered to customers on Sept. 21, many are scheduled to be delivered in October. Apple did not give a specific October delivery date for the second wave of shipments.  

Meanwhile, AT&T released a statement saying it set a sales record with iPhone 5 over the weekend, making it the fastest-selling iPhone the company has ever offered.  According to the carrier, customers preordered more iPhones from AT&T than any previous model both on its first day and over the weekend. 

The iPhone 5 is still available for preorder on AT&T’s website and will be available in AT&T retail stores beginning at 8 a.m. local time on Friday.

Apple unveiled the iPhone 5 at a Sept. 12 press event. The successor to the iPhone 4S features a taller screen than past models, as well as LTE connectivity and a faster processor. 

The pricing structure remains the same as for the iPhone 4S when it launched. Apple is offering the 16 GB model for $199, the 32 GB model for $299 and the 64 GB model for $399. 

While shares of Apple lost a step immediately following the iPhone 5 announcement, the stock spiked to record highs on Friday. Apple opened today just shy of the $700 mark, listing at $699 in early morning trading.

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