2 million iPhone 5 pre-orders first 24 hours; speed tests; buyer's guide

iPhone enthusiasts are already starting to line up outside the Apple Store on Fifth Avenue in New York to be first in line for the iPhone 5 on Friday. And already the phone is a hit, with Apple announcing today that there were over 2 million pre-orders in the first 24 hours. “iPhone 5 pre-orders have shattered the previous record held by iPhone 4S and the customer response to iPhone 5 has been phenomenal,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing in the press release. “iPhone 5 is the best iPhone yet, the most beautiful product we’ve ever made, and we hope customers love it as much as we do.” This is more than double the previous record set by the iPhone 4S. Apple's stock continues to rise, almost reaching 700 earlier this morning.

When the iPhone 5 was announced, Apple said it was twice as fast as the iPhone 4S. However, the blogs are buzzing today with the news of  Geeckbench's tests of the iPhone 5 showing that it's over twice as fast, with a score of 1601 compared to that of 634 for the iPhone 4S. It's also twice as fast as the speedy iPad with retina display, which has a score of 801. It's also faster than all of the Android phones, except for the new Samsung Galaxy SIII, which has a score of 1688.

If you're trying to decide when or whether to get the iPhone 5, or which model to get, or which carrier to go with, or where to buy it -- or any other of a multitude of questions, iMore has the answers in their iPhone 5 Buyer's Guide. They even discuss how to pick the color that's right for you. If your contract isn't up yet, and you are forced to wait, their guide discusses when to buy. If you aren't sure you need the latest and greatest, they also discuss the iPhone 4S and 4 as an option. The guide discusses how to sell your old iPhone before you buy the new one. And it links to their helpful user guides for Siri, iCloud, photography and more. This is a great place to start if you're thinking of getting a new iPhone.

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Of course, the first step in buying an iPhone 5 is to determine how much it will cost you if you already have an iPhone under contract and want to upgrade. As you know, if you haven't completed the two-year contract, you'll be paying more than the $199 list price. But how much more? It depends on a number of things, and in some cases you'll come out better than you might expect. Apple has a helpful tool that calculates what you'll pay. You can also use this tool if you're thinking of buying the iPhone 4S or 4.

In many cases, even if you do break your contract, the resale value of your old iPhone is so high that you will come out just fine. Kim Komando has a great article discussing how you can Upgrade to the iPhone 5 for less. And while many people opt to sell through a service such as Gazelle, Kim points out that selling privately will get your more money, and suggests using the website WorthMonkey to get an idea how much your phone will sell for. 


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Jim Karpen holds a Ph.D. in literature and writing, and has a love of gizmos. His doctoral dissertation focused on the revolutionary consequences of digital technologies and anticipated some of the developments taking place in the industry today. Jim has been writing about the Internet and technology since 1994 and has been using Apple's visionary products for decades.