Apple didn’t comment Friday on initial iPhone 5 demand...
Apple didn’t comment Friday on initial iPhone 5 demand as its pre-order campaign for the device kicked off. The company said Wednesday that it would start taking orders for the iPhone 5 on Friday, but the device wouldn’t ship in…
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the U.S. until Sept. 21. However, consumers trying to order one at Apple’s website on Friday were informed that any SKU of the device wouldn’t be available to ship for two weeks, apparently meaning Sept. 28. That led to speculation that Apple already sold out of launch quantities. Apple shares closed 1.2 percent higher Friday at $691.28. Earlier Friday, share prices grew to more than $695, the highest price for Apple stock ever. Phone recycling comparison website sellcell.com said Friday that it saw a more than 800 percent increase in iPhone trade-ins last month compared to August 2011, as consumers tried to get rid of their current iPhones to buy the new model. The number of consumers who want to recycle their phones has “surged,” and the company is seeing a “record breaking $8 million worth of trade-ins” in the U.S. and U.K. in September alone, it said. Sellcell.com data indicated that the 8-GB iPhone 3G and 16-GB iPhone 3GS are topping the list of the most recycled handsets now.