iPhone 5 Sells Out Instantly, Stock Hits Record High
So much for 'disappointment'
By Kevin Spak, Newser User
Posted Sep 14, 2012 10:02 AM CDT
Updated Sep 14, 2012 12:59 PM CDT
The new Apple iPhone 5 is displayed Wednesday Sept. 12, 2012 following the introduction of new products in San Francisco.   (AP Photo/Eric Risberg)

(Newser) – We're not sure if this means it's going to save the economy or anything, but the new iPhone looks like a sales hit; it sold out in less than an hour on Apple.com, BGR reports, despite bellyaching from pundits that it was too incremental an upgrade. The feat is especially impressive given that preorders went up at 3:01am Eastern. Of course, there are other places online where the phones will be available. As of this writing, preorders still appear to be available from AT&T, Verizon, and Sprint. Not surprisingly, Apple shares hit a record high today, CNN reports: $696.82.

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Sep 14, 2012 5:29 PM CDT
And you still can't use voice and data at the same time unless you're on ATT.
Sep 14, 2012 1:46 PM CDT
Bunch of conformists...
Sep 14, 2012 1:37 PM CDT
The iPhone 5 will sell well, initially. There is pent up demand of people who were waiting for it however in the long run the market is much more competitive now and the iphone is no longer leading, it is following. They may hit the 10 million target by the end of the month but they will not hit 58 million predicted by end of December.