Fulfilling many of the expectations laid out by gadget geeks and technology analysts ahead of its Wednesday unveiling, the shares of Apple Inc. (NASDAQ:AAPL) are already near record highs. Made available for sale from Friday ( i.e. today), Apple Inc's new iPhone with a bigger screen and 4G wireless technology is already running out of stock thereby leaving the prospective buyers with no alternatives but to wait for placing the orders. Even those who are placing the orders now might have to wait for a fortnight to receive the delivery.
Though Apple Inc. planned and organized everything prior to going on sale, things did not flow as anticipated. Pre-orders for Apple's (AAPL) new iPhone were supposed to begin Friday at 12:01 a.m. Pacific (3:01 a.m. Eastern) but due to excessive traffic jam at the online store of the company, the servers were not responding properly. The store's servers were apparently so overwhelmed with would-be customers that many early risers who tried to order online were greeted with the dreaded multilingual "We'll be back" sign.
Get More Updates on AAPL Here
Though the news of iPhone's Apple Store app successfully taking iPhone 5 orders spread like fire on Twitter, not many were successful in placing the orders. Very soon the app started displaying “timing out: at the signing stage. In less than an hour after taking orders, iPhone's Apple Store app was successfully taking iPhone 5 orders. According to MacRumors' Eric Slivka, AT&T Inc.(NYSE:T), Verizon Communications Inc.(NYSE:VZ) and Sprint Nextel Corporation(NYSE:S) were still listing 9/21 delivery dates. But as Slivka diplomatically puts it "those dates may not immediately reflect available stock."
Orders that are placed now are scheduled to ship in two weeks. However, for those who really want their hands on iPhone 5 at the earliest, the option open to is to go to a physical Apple Store and stand in a queue till the turn comes.