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Winnipeg Free Press - PRINT EDITION

Wait times grow for new iPhone

By: Staff Writer

Posted: 09/15/2012 1:00 AM | Comments: 0

NEW YORK -- Delivery times have climbed quickly as Apple takes orders for the iPhone 5, suggesting strong demand.

Apple Inc. began taking orders at 2 a.m. central standard time Friday, promising delivery by next Friday, when the new phone also goes on sale in some stores worldwide.

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

White said the quick rise suggests 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.

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 in the day.

-- The Associated Press

Republished from the Winnipeg Free Press print edition September 15, 2012 B17

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