Apple: iPhone 5 orders top 2M in 24 hours

CUPERTINO, Calif. — Pre-orders for the iPhone 5 topped 2 million in their first 24 hours, more than double the amount of its predecessor over the same period.

Apple started taking iPhone 5 orders at 3 a.m. Friday. While most orders will be delivered Friday when the phone goes on sale, the company said Monday that demand for the iPhone 5 exceeds the initial supply. Because of that, some of the devices are scheduled for delivery in October.

The iPhone 5 represents the first major revision of the iPhone's screen size since the first model was introduced in 2007. The new iPhone has an elongated screen — 4 inches measured diagonally— that allows room for another row of icons and lets widescreen movies fit better. The calendar will now show five days at a time instead of just three. Previous iPhone models had 3.5-inch screens.

The new phone is also thinner and weighs less than previous models.

It won't be easy for Apple to top the breakneck sales pace set by previous iPhones. Apple said last year that it sold more than 4 million iPhone 4Ss just three days after its launch on Oct. 14.

The iPhone 5 will be available at Apple's 356 U.S. stores starting Friday. It sells for $199 for the 16-gigabyte model, $299 for the 32GB or $399 for the 64GB model.

Aside from Apple stores, the iPhone 5 will be available at Apple's Web site, as well as through AT&T, Sprint, Verizon Wireless, some Best Buy, RadioShack, Target and Walmart stores and certain Apple authorized resellers.