IPhone 5 preorders sell out as site hiccups
Some partners still appear to be selling the phone for the Sept. 21 release date. But Apple's online store, overwhelmed early Friday morning, is cleared out.
The phone goes on sale on Sept. 21, and Apple is holding some units for sale at retail. Have the lines started yet? By the way, there were reports that the iPhone's carrier partners -- AT&T (T), Sprint (S) and Verizon (VZ) -- were still selling the phone online for Sept. 21 delivery.
Wal-Mart (WMT) also appears to be selling the phone for Sept. 21 pickup. People need to visit a Wal-Mart store starting Friday to get a reservation card, and they must return to the store to pick it up.
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Apple's site was so overwhelmed with traffic when the phone first went on sale at 3 a.m. ET Friday that it went down for several minutes, flashing the "We'll be back" sign to frustrated iPhone buyers, Fortune reports. Many people turned to the iPhone's Apple Store app to get their phones instead -- but even that was glitchy.
The company's last iPhone, the 4S, took about 24 hours to sell out of a supply of 1 million units. We don't know how many iPhone 5 units Apple had in its initial batch.
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Consumers are very status conscious in Asia, Africa and other emerging-market areas. This is especially true in China.
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