Tech giant Apple found refuge with the critics and reviewers in the tech market who generously gave the device a thumbs up.
Even though Apple's latest smartphone receive backlash from its rival Samsung, critics praised smartphone's lightweight body design, bigger screen and swifter data-download speeds even as some faulted its mapping tools.
The new iPhone 5 finally hit the Apple Stores starting today and Australia is the first country to get their hands on the new device.
According to Wall Street Journal, iPhone 5 is the best smartphone on the market, map-software flaws aside.
The mostly positive reviews stand to fuel the high demand for Apple's best-selling product. The company said on Sept. 17 that it received more than 2 million orders in 24 hours, more than double the record set when the company introduced the iPhone 4S last year.
The iPhone will be available Sept. 21 in the U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the U.K. With a new wireless contract, the device costs $199, $299 and $399, depending on the amount of memory.
Apple unveiled its latest smartphone in San Francisco at the Yerba Buena Center for Arts, and has the entire tech world watching to see the next generation iPhone. Some of its amazing features are 4G/LTE connectivity, 4-inch screen display and new operating system.
Bloomberg's Jaroslovsky praised the device's battery life, which for other smartphones drains more quickly when working on an LTE network.
According to Bloomberg, the Cupertino-based company may sell 6 million to 10 million iPhonesduring the opening weekend. This is fueled by the statement from analyst Gene Munster that the iPhone 5 going on sale in 22 more countries on Sept. 28, Apple may sell another 49 million from October to December.
The iPhone accounts for about two-thirds of Apple's profit, helping make it the world's most valuable company. Shares rose less than 1 percent to a record $701.91 yesterday.
Because Apple only releases one new model a year, a successful debut is critical for the company's continued growth. That compares with the several smartphones released each year by Samsung, Apple's main competitor in a global smartphone market that surged 62 percent to $219.1 billion last year, according to the data from Bloomberg.
This article is copyrighted by IBTimes.com.au, the business news leader