Apple sells 2 million iPhone 5 in one day

With two million orders for Apple’s new iPhone 5 coming in on day one, demand for the latest i-gadget has exceeded supply, pushing preorders to next month.

Apple said they would deliver most of the preordered phones by Friday, which is the first day of delivery, many, though, won’t be available until October. Last October, Apple booked one million orders for the 4S in the first 24 hours. Their previous record for the iPhone 4 was 600,000 sales in one day.

In early trading on Monday, Apple shares were up one per cent. The iPhone accounts for half of the company’s revenue.

Apple first started taking orders at midnight PST on Friday. Within an hour of the preorder time, shipping dates were set back a week.