Cloud Computing: iPhone 5 a Blowout

Apple said Monday that iPhone 5 pre-orders topped two million units in 24 hours, which is more than double the record set by the previous iPhone 4S model. The announcement pushed Apple stock to within a hair’s breath of $700, which was where it started going when it became apparent that Apple’s initial supply was sold out within an hour last week pushing some deliveries into October. Apple says most pre-orders will be delivered on Friday, September 21. AT&T also reported record orders through the weekend but offered no numbers. Pictures put out by Bloomberg show people starting to camp out in front of Apple’s Fifth Avenue store in New York ahead of the device going on sale at 8am on Friday.

read more