iPhone 5 poised to become fastest-selling gadget in history

Apple expects to sell over 10m devices by the end of the month, writes Adam Satariano

Apple unveiled a taller, lighter and speedier iPhone that’s poised to become the fastest-selling gadget in history — even as competition accelerates in the €170bn smartphone market.

“This is going to be the best-selling consumer electronics device of all time, bar none,” said Carl Howe, an analyst at Boston-based Yankee Group, who predicted Apple will sell more than 10m by month’s end, surpassing the record set last year by the predecessor device, the iPhone 4S.