iPhone 5 Attracting Twice The Crowds Observed for iPhone 4S Release
According to a quickly-produced survey from Piper Jaffray analyst and resident Apple watcher Gene Munster, lines outside of Apple stores on the day of the iPhone 5 launch are about 83% longer than the lines observed at the launch of Apple's iPhone 4S.
Of course, such lines are to be anticipated in response to Monday's news that Apple sold two million iPhone 5s last weekend. That was twice as many devices than were sold upon the release of Apple's iPhone 4S in October 2011.
Munster says the heavier store traffic gives him confidence in his estimate that "Apple could sell eight million iPhone 5’s through this weekend." Not surprisingly, shares of AAPL are moving once again toward all-time highs, now trading well above $700 a share. Some analysts expect the stock to inch closer to $800 before year's end.
Sales of the new iPhone have proven so strong that Apple’s website now states than new iPhone 5 orders may not be received for upwards of four weeks as of this writing.
Source: New York Times