Preorders of ‘disappointing’ iPhone 5 sell out in minutes
Apple (AAPL) made preorders of its new iPhone available on apple.com at 3:01 a.m. EDT, 12:01 a.m. PDT and in less than one hour, the company’s initial stock of new iPhones for Verizon Wireless (VZ), AT&T (T) and Sprint (S) was depleted.
Disappointing indeed. Shipping time for new orders placed on Apple’s website slipped to two weeks just before 4:00 a.m. EDT, where it remained at the time of this writing. Verizon, AT&T and Sprint each still quoted launch-day delivery for new iPhone 5 preorders placed as of 8:15 a.m. EDT Friday morning.