Tomorrow's headlines:
"iPhone 5C Pre-Orders sell out in 39 seconds."
Who knew plastic was so attractive?
True statement. I like how some people here think this is going to fail just because they don't like it. Guess what? It won't.
It says "iPhone" on it and it is "all new" in the eyes of the average consumer. They will go crazy buying it and Apple will make mega bucks with it's lower production cost. The great thing about an iPhone is that the brand is still so popular you can use color or other minor new features to sell it. Apple can hold back features that other brands need to get people's attention. Apple has created a profit generator for years to come and have learned how to manage it so consumers keep coming back.
Don't worry you will get your bigger screen someday, but Apple needs to wait to introduce for full sales impact.