iPhone 5 Hype: Did Apple Deliver to Excited Fans?

John Schriffen discusses the global frenzy around the smartphone's release.
3:00 | 09/22/12

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Transcript for iPhone 5 Hype: Did Apple Deliver to Excited Fans?
Now, to the global frenzy over apple's latest, shiny, new, got to have it product, the iphone 5. The company produced 10 million of the gadgets and many of them have been sold with i-fans swarming stores all over the planet. But does the 5 live up to its hype. Abc's john schriffen is here with that. Reporter: Good morning. For months, apple kept the iphone 5 a secret. Around the globe, people have waited in line for days, including right here in new york city, where some slept on the street for nearly a week. Now that the phone has been released, it seems nearly everyone has an opinion on the latest it gadget. It's the latest apple gadget, sending the world into a gat-to-have it frenzy. I want to be a part of it. I love iphones. Reporter: This week alone, the company expects to sell 10 million of them. That's 2,300 iphones every 60 seconds. And across the globe, where it's not yet available, you can buy one on the black market for more than $1,500. The demand so great, the new york city police department set up outside apple stores, instructing customers on how not to get their iphones stolen. Iphone apple iphone has been one of the biggest markets, especially for grand larceny. Reporter: The launch was not without its glitches. There are the new apple map problems that have errors. They found no faces on mt. Rushmore. And look at the new clock design. Switzerland's rail company looking to challenge the tech giant, saying they stole their design. Look at the two side-by-side. And all this, a side show to the big question. How well does it work? Customers seem happy. And the tech experts? It's a great upgrade. It's thinner, it's faster, it's lighter, it's stronger. It's all things that make a great phone. It's probably the best smartphone in the world. Reporter: What about the map issue? In a statement to abc news, apple says in part, quote, we launched this new map service knowing it is a major initiative. And we're just getting started with it. We're continuously improving it. And a map is a cloud-based solution. The more people use it, the better it will get. Experts say, in the meantime, if you don't like the new apple maps, you can pull up google maps in the browser. That's the solution. A rare hiccup for apple. We're going to shift gears

This transcript has been automatically generated and may not be 100% accurate.

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