Apple starts taking orders for iPhone 5, delivery time climbs up

Apple Inc has started taking orders for the iPhone 5, but the delivery times climbed quickly as the technology major suggested strong demand.

PHOTO: Associated Press

Apple Inc has started taking orders for the iPhone 5, but the delivery time climbed quickly as the technology major suggested strong demand.

MUST READ: All you need to know about Apple's iPhone 5

Apple began taking orders for the phone at 12 am Pacific time on Friday. It initially promised delivery by next Friday, when the new phone also goes on sale in stores.

BLOG: Smartphone outlook, iPhone style

Four hours later, the expected delivery time had grown to two weeks, according to Topeka Capital Markets analyst Brian White.

White said the quick rise in the expected delivery time suggested much stronger demand than Apple expected. Last year, one-week delivery of the iPhone 4S was available into the afternoon of the first order day.

"Clearly, iPhone 5 fever is in full swing," White said.

MUST READ: Is iPhone 5 better than iPhone 4S?

By the afternoon, only Sprint was still promising delivery by next Friday. Verizon Wireless said delivery would take two weeks, and AT&T said it would take "14 to 21 business days."

Apple's stock rose $8.02, or 1.2 per cent, to $691 in afternoon trading, after hitting an all-time high of $696.98 earlier on Friday.

For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine

Published on: Sep 15, 2012, 9:27 AM IST

COMPANIES

INDICES ANALYSIS

AMCs

MUTUAL FUNDS

NEWS

Apple starts taking orders for iPhone 5, delivery time climbs up

Apple Inc has started taking orders for the iPhone 5, but the delivery times climbed quickly as the technology major suggested strong demand.

TOP STORIES

TOP VIDEOS