“Preoders for the iPhone 5 went live at midnight tonight and, true to form, they went like hotcakes,” Billy Gallagher reports for TechCrunch.

“You may remember that it took 22 hours for the iPhone 4S and about 20 hours for the iPhone 4 to sell out of its pre-order, launch-day stock,” Gallagher reports. “The iPhone 5 took just about 60 minutes.”

Gallagher reports, “Yep. One hour after pre-orders went live tonight, Apple.com shifted shipping expectations from one to two weeks due to the overwhelming demand.”

iPhone 5 sold out, slips to 2 weeks shipping

iPhone 5 sold out, slips to 2 weeks shipping

Read more in the full article here.

MacDailyNews Take: Naysayers, bow your heads in shame.

We got ours! Did you get yours?

“The iPhone 5 will break all smartphone sales records – just like every single iPhone model before it.” – MacDailyNews Take, September 9, 2012

Related articles:
Is Apple’s iPhone 5 boring? – September 12, 2012
NPD: U.S. market may be too saturated for the new iPhone to beat the iPhone 4S’s record sales – September 11, 2012
Apple’s iPhone 5 may not be the huge leap forward many are hoping for – September 9, 2012