Apple Shares at high on iPhone 5 Sales

Apple shares have hit a new high of US$ 700 following the release of the new iPhone 5, with orders for 2 million placed in the first 24 hours, twice the level that the iPhone 4S managed on day one.

Loyalty for Apple products seems to be intact for the time being however, with analysts looking at projected sales of 55 million by year end but Apple have angered a lot of customers by changing the connecting pins on this phone, that will not fit existing charging and docking devices and will require the purchase of an adapter, available from Apple only at a UK cost of £25. This will retail in the US at US$25 only which will further irritate the UK client base but the fact that this add on is required at all has angered a lot of people. Not a good move when there are very credible alternatives to the iPhone around, most notably the Samsung Galaxy s3.