iPhone 5 Sells Out

    SAN FRANCISCO, CA - SEPTEMBER 12:  Apple CEO Tim Cook (L) and Dave Grohl of the Foo Fighters look at the new iPhone 5 during an Apple special event at the Yerba Buena Center for the Arts on September 12, 2012 in San Francisco, California. Apple announced the iPhone 5, the latest version of the popular smart phone.  (Photo by Justin Sullivan/Getty Images)

    Justin Sullivan / Getty Images

    So that’s what it’s like to be popular. The initial batch of iPhone 5s has already sold out, according to an analyst at Sterne Agee. Just an hour after Apple’s website started taking preorders at midnight, the online store was indicating some versions of the new model wouldn’t be shipped for two weeks. “Preorders for iPhone 5 have been incredible,” an Apple spokeswoman said. “We’ve been completely blown away by customer response.” Bloomberg estimates 58 million units could be sold by the end of the year. Take that, Samsung.

    Read it at San Francisco Chronicle