Apple (NASDAQ:AAPL) announced today that pre-orders for the new iPhone 5 have now exceeded supplies, forcing some phones to be shipped in October instead of at the end of this week. The overwhelming response from consumers has set sales records, with AT&T (NYSE:T) announcing that the iPhone 5 has sold more than any other model in the first day or pre-orders.
Shares of Apple were responding positively to the news, gaining nearly 1% as it inches closer to $700 per share.
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