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  • wall_st_knight_mare wall_st_knight_mare Sep 22, 2012 3:16 PM Flag

    Many US stores report being sold out of iPhone 5s

    Some US stores say iPhone 5 is available; more report that it's sold out

    By The Associated Press | Associated Press – 22 minutes ago

    It was possible to walk into a store Saturday and buy an iPhone 5. But it took some hunting.
    Some stores reported having Apple's newest phone available for walk-up customers. But a random check of about a dozen stores indicated that most were sold out.
    A Verizon store in New York City said the phone was available. A Sprint store in a suburb of St. Paul, Minn., said all but the most expensive 64 gigabyte iPhone 5s were sold out.
    The iPhone 5 went on sale Friday, igniting explosive interest around the world. Apple's website said phones bought online would ship in three to four weeks. Verizon's website said they would ship by Oct. 19.
    It's hardly uncommon for supply shortages to make it difficult to get new iPhones in the first days of their release. For Apple, the iPhone introduction is the biggest revenue driver of the year. Analysts say the company will likely sell millions of phones in the first few days.
    There were long lines Friday at Apple's stores in Asia, Europe and North America as customers pursued the new smartphone. Apple and the phone companies haven't provided sales figures from the first day. Apple is expected to announce early results Monday.
    Last year, Apple said on the Monday after the launch of the iPhone 4S that it had sold 4 million in the first three days.

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