Apple announced pre-orders of its iPhone 5 topped two million in just 24 hours, more than double the previous record of one million held by iPhone 4S. Demand for iPhone 5 exceeds the initial supply and while the majority of pre-orders will be delivered to customers on September 21, many are scheduled to be delivered in October, the company said.
Time to position for the ancillary businesses that will benefit from the iPhone 5 hype, e.g. app developers. Obvious choices are our top-pick G5 Entertainment and our trading idea Bitzio.
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