“Apple Inc. (AAPL) rose to a record after the company said the iPhone 5 won’t ship for two weeks from its online store, fueling speculation that the latest model had sold out,” Ryan Faughnder reports for Bloomberg.
“The shares gained [1.95 percent in morning trading and] reached an intraday record of [$696.82],” Faughnder reports. “Through yesterday, the stock had advanced 69 percent this year.”
Faughnder reports, “‘The initial batch is sold out,’ said Shaw Wu, an analyst at Sterne Agee & Leach Inc., in an interview. He raised his sales estimate for the quarter ending in September to 26 million units, from 23 million. ‘We think that could turn out to be conservative.'”
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Eric Slivka reports for MacRumors, “Verizon is the first of the three major U.S. carriers to see its shipping estimates slip with new pre-orders now estimated to arrive on September 26.”
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MacDailyNews Take: iPhone 5 is just the first volley. You haven’t seen anything, yet!
[Thanks to MacDailyNews Readers “Fred Mertz” and “Lynn Weiler” for the heads up.]