AT&T Reports Record iPhone 5 Preorders

Before you go, we thought you'd like these...
Before you go close icon

AT&T Inc. (NYSE: T) claims the Apple Inc. (NASDAQ: AAPL) iPhone 5 set a presale order record, supporting news over the weekend that even Apple itself is sold out.

The news confirms a trend. Apple products are almost always sold out ahead of release. Apple is either poor at inventory control or likes to build demand by creating a scarcity that gives the products a wave of media coverage after the one triggered by the original product launch. So far, there is no similar news from Verizon Wireless or Sprint Nextel Corp. (NYSE: S), but there is bound to be today.

The iPhone 5 should meet expectations, based on these sales, if it does not exceed them.

Douglas A. McIntyre


Filed under: 24/7 Wall St. Wire, Consumer Electronics, Retail, Wireless Tagged: AAPL, S, T
Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners