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Everyone Loves iPhone 5, Further Screwing Up an Unbalanced Smartphone Industry

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Apple's new iPhone 5 is a megahit.

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MINYANVILLE ORIGINAL Everyone loves Apple's (NASDAQ:AAPL) iPhone 5.

And when I say everyone, I mean normal people that spend money, and not the dopey loudmouths that think specifications are all that matters in consumer electronics. (You know who you are....)

On Monday morning, Apple reported that iPhone 5 pre-orders topped 2 million in the first 24 hours on sale, more than doubling the initial demand for the iPhone 4S. Keep in mind, the iPhone 4S was a monster, monster hit. In its first full quarter on the market, the 4S sold 37 million units, crushing Wall Street estimates in the 30-32 million range.

Subsequent to Apple's announcement, mobile-phone carriers around the world, including AT&T (NYSE:T), Japan's Softbank, and Singapore's Singtel all reported huge demand for iPhone 5.

And as of the time I'm writing this, Apple.com says all iPhone 5 models will ship in three to four weeks, up from the two- to three-week wait time listed on Monday.

But let's talk about what's on your TV right now -- footage of people all over the world crammed outside Apple stores for the privilege of handing over hundreds of dollars for a smartphone on day one.

There is simply no greater bull case for Apple than that, because it's indicative of a passion that no other consumer electronics brand in the world can match.

Look at Nokia (NYSE:NOK) and Research In Motion (NASDAQ:RIMM) -- I don't recall many crowds lining up for their recent Lumia and BlackBerry models.

But you probably knew all this, right?
Position in AAPL, SNDK
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