iPhone 5 pre-order shipping dates pushed back, likely due to demand
The rush to be the first kid on the block with the latest iPhone is on.
The symbol of the Apple Business
At midnight on Thursday, the new iPhone 5 became available for pre-order online through the Apple, Verizon, Sprint and AT&T sites. On Friday, major online outlets had already moved their estimated shipping dates back, indicating a large volume of orders or limited supply of iPhones ready to ship next Friday, 21.
In the U.S., Apple says new iPhones pre-ordered online now will ship in two to three weeks. AT&T is estimating that all versions of the iPhone 5 — black and white; 16GB, 38GB and 64GB — will start shipping in 14 to 21 business days, which is the first week of October. Verizon is listing its delivery date as Friday, September 28.
As of this writing, Sprint was the only outlet still posting the September 21 shipping date, and that was only for the two larger models. The 16GB iPhone 5’s shipping date is listed as “up to two weeks.”
Hands on with the new iPhone 5
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New iPhone 5 is evolutionary for Apple
Apple unveils the new iPhone 5The shipping times began shifting back just an hour after the phones first became available, according to the MacRumors blog.
Apple and other outlets are not yet sharing numbers for how many units have been pre-ordered. A Verizon spokesperson told CNN only that “Dates are based on order volumes so customers have a realistic expectation as to when they will get their new iPhone 5.”
An Apple spokesperson told AllThingsD that the companywas “blown away” by the response.
Eager iPhone fans who simply must get an iPhone on day-one might have better luck with one of the stores offering in-store pre-orders. Best Buy isn’t taking orders for the iPhone 5 online before its Sept 21 launch, but customers can go into a Best Buy location to pre-pay for the device and return to pick it up on launch day. The advanced difficulty level — standing up, getting dressed, leaving the house, commuting to a Best Buy — might mean less competition for pre-order units. A Best Buy in San Francisco had between 40 and 50 people walk in and pre-order the iPhone 5 on Friday.
Walmart is offering in-store pre-orders for the first time,Bloomberg reported, but it appears the retail giant is only selling the 16GB iPhone 5, not the larger capacity versions.
There’s also the often overlooked Radio Shack. Radio Shack locations are taking pre-orders in person, but the locations usually only get a small number of units on the first day.
Target typically carries the iPhone, but at this time the site makes no mention of the iPhone 5. The iPhone 4S is still listed as available.
A final option is to wait in line on September 21 to buy a unit. iPhone launch days tend to draw lines of enthusiastic Apple fans to Apple stores around the country, many camping out overnight. Some entrepreneurial types offer their line-standing services on Craigslist, making as much as a few hundred dollars holding the spot for someone else.
Nicholas and the World of Economics and Business 
The apple company was unaware of the large amount of people wanting the new product of apple. Thousands of people want the iPhone 5, but there is a limited amount of supply or amount of the product that the company is selling. Nevertheless, this outcome can`t be not unseen, the iPhone 5 is the newest sense of fashion /product. People are lining up for this new phone, even though if the buyer already has a phone because they’re WANTS of a buyer is unlimited. The demand is greater than supply and therefore EXCESS DEMAND in the market. There will be a shortage in the markets. Some buyers will be lucky enough to even get an iPhone 5. However, the company has decided to postpone the launch day of the iPhone 5. Doing this will give the labor force more time to produce more of the products. So that there will be no shortage of iPhone 5s to anyone who wants it.
Good reference to unlimited Wants and excess demand. More application is needed to reflect the shortage and change in TASTE as a determinant that will shift the Demand curve to the right.
you score 3
yes Nico you are correct in saying that apple is trying to reduce the amount of shortage during the first few days and weeks. However it is inevitable that there will be a greater demand than apple stores can supply. Also apple have sold units to other shops to try and meet this demand but the different shops are taking different strategies towards reducing the shortage. It is a good article discussing the great demand and lack of supply for the iPhone 5.
I agree with your views, the demand far outweighs the supply and therefore more time is needed in order to supply more output. This will then balance out and the equilibrium will be reached eventually.
I fully agree with you. It is apparent that apple had not anticipated this large demand for the new iPhone 5. People do have unlimited wants and it also seems that their tastes will cause the demand curve to shift tot the right since they want the nicest, newest phone. By postponing the launch date i think they are trying to give their production time to catch up. This way they will be able to better meet the demand.
I would agree with Nico that the demand for the new I-phone is very high but honestly I am surprised, I read in an other article that the new I-phone is very similar and is it seems like they weren’t expecting so many people to buy the new I-phone
“Does anybody know where to find the cheapest iphone. I am in Boise and not many outlets here. Any new deals online?”
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