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IPhone 5 pre-orders sell out; Apple shares hit new high

September 14, 2012|By Salvador Rodriguez
  • Apple.com appears to have sold out of its initial batch of iPhone 5 units.
Apple.com appears to have sold out of its initial batch of iPhone 5 units. (Apple )

The first batch of iPhone 5 smartphones has already sold out on Apple's website, and that's helping the company stock price reach new heights.

The Cupertino-based company's website is saying the iPhone 5 will now take two weeks to ship. That means people who didn't snatch up an iPhone from Apple when it started pre-orders at 12:01 a.m. will have to wait until at least Sept. 28 to receive their device, if they buy it from Apple.com.

However, Apple's network partners -- AT&T, Verizon and Sprint -- are saying they'll ship pre-orders by the phone's listed launch date of Sept. 21.

PHOTOS: Apple iPhone 5

Consumers can also show up at Apple retail stores as well as other companies' stores on Sept. 21 to lock down an iPhone 5.

But the quick jump in sales, which once again caused the Apple.com website to go down at some points, pushed up the company's stock price to a record.

At 8 a.m. PDT Friday, Apple shares were trading at about $695, up $11.

AAPL Chart

AAPL data by YCharts

ALSO:

Google knows what you did last summer

Wal-Mart to sell iPhone 5 for $189; preorders start Friday

IPhone 5: Can't talk and surf at same time on Verizon or Sprint

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