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Posted by: Matt Liebl

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In just 24 hours, Apple's newly announced iPhone 5 topped two million pre-orders, doubling the previous record of one million held by the iPhone 4S.

“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. “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.”

The initial batch of iPhone 5's will be delivered on September 21, but with demand so high, many are scheduled to be delivered in October.

The iPhone 5 is the thinnest and lightest iPhone ever, completely redesigned to feature a new 4-inch Retina display. It also features an Apple-designed A6 chip for faster performance, while also offering better battery life.

The iPhone 5 comes in white and silver or black and slate. It is available in the U.S. for $199 for the 16GB model and $299 for the 32GB model. A 64GB model is available for $399.

Tags: iPhone 5, Apple