iPhone 5 Sold Out Already

Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend.

Image Not Available

Mashable reports incredible demand for the iPhone 5, which has had two effects so far…

Apple sold out of its initial inventory in an hour and pushed back its shipping date for such pre-orders. Apple’s website began taking orders for the product at midnight PST on Friday. An hour later, though, the shipping times for the device were delayed from the original Sept. 21 to two weeks, or Sept. 28, according to Dow Jones. As of Friday morning EST, Apple was still promising the two-week wait for shipping. The site also gives users the option of picking up the device at a retail store on Sept. 21.

A third effect is likely to come from the first two: Expect lines out the door on release day. Maybe they’re called “early” adopters for a reason.

Get smarter with your money!

Want the best money-news and tips to help you make more and spend less? Then sign up for the free Money Talks Newsletter to receive daily updates of personal finance news and advice, delivered straight to your inbox. Sign up for our free newsletter today.