The new Apple iPhone 5 is displayed Sept. 12, 2012 following the introduction of new products in San Francisco. (AP Photo/Eric Risberg)
NEW YORK (AP) -- Delivery times climbed quickly as Apple Inc. started taking orders for the iPhone 5 on Friday, suggesting strong demand.
Apple began taking orders for the phone at 12 a.m. Pacific time. It initially promised delivery by next Friday, when the new phone also goes on sale in stores.
Four hours later, the expected delivery time had grown to two weeks, according to Topeka Capital Markets analyst Brian White.
White said the quick rise in the expected delivery time suggested much stronger demand than Apple expected. Last year, one-week delivery of the iPhone 4S was available into the afternoon of the first order day.
"Clearly, iPhone 5 fever is in full swing," White said.
By the afternoon, only Sprint was still promising delivery by next Friday. Verizon Wireless said delivery would take two weeks, and AT&T said it would take "14 to 21 business days."
Apple's stock rose $8.02, or 1.2 percent, to $691 in afternoon trading, after hitting an all-time high of $696.98 earlier in the day.
Monday, June 17 2013 3:09 PM EDT2013-06-17 19:09:21 GMT
On the first day of deliberation, the jury hearing former Chicago alderman Ambrosio Medrano's trial found him guilty of bribery. He could face up to five years in prison.
On the first day of deliberation, the jury hearing former Chicago alderman Ambrosio Medrano's trial found him guilty of bribery. He could face up to five years in prison.
Monday, June 17 2013 2:44 PM EDT2013-06-17 18:44:33 GMT
A spokeswoman for Gov. Pat Quinn says he has fully backed the tough pension proposal supported by the Illinois House and has "fought hard" to get it passed.
A spokeswoman for Gov. Pat Quinn says he has fully backed the tough pension proposal supported by the Illinois House and has "fought hard" to get it passed.
Amy Le started out behind the wheel at Duck-N-Roll. Now she's bringing some Asian-Latin spice to Chicago's financial district with her new restaurant Saucy Porka. Ever heard of a "baco?"
Amy Le started out behind the wheel at Duck-N-Roll. Now she's bringing some Asian-Latin spice to Chicago's financial district with her new restaurant Saucy Porka. Ever heard of a "baco?"
Monday, June 17 2013 12:48 PM EDT2013-06-17 16:48:35 GMT
Jewel-Osco was offering a $0.05 per gallon discount on fuel at Shell stations for every $50 in grocery purchases. But they have decided to cut the program.
Jewel-Osco was offering a $0.05 per gallon discount on fuel at Shell stations for every $50 in grocery purchases. But they have decided to cut the program.
Father's Day is only two days away. Do you have a present for your dad yet? David Viggiano, the gift and gadget guy, showcased some of the coolest new tech gadgets you can get – all under $100!
Father's Day is only two days away. Do you have a present for your dad yet? David Viggiano, the gift and gadget guy, showcased some of the coolest new tech gadgets you can get – all under $100!
Friday, June 14 2013 1:57 PM EDT2013-06-14 17:57:37 GMT
Democratic leaders in the Illinois Legislature said Friday that they would try again to pass a pension-reform plan backed by House Speaker Michael Madigan, rejecting Quinn's request for committee.
Democratic leaders in the Illinois Legislature said Friday that they would try again to pass a pension-reform plan backed by House Speaker Michael Madigan, rejecting Quinn's request for committee.
Friday, June 14 2013 1:47 PM EDT2013-06-14 17:47:11 GMT
Mayor Emanuel's office has some good weekend news, but there's a catch. Free Sunday parking begins this weekend in some neighborhoods, while paying hours are extended in others.
Mayor Emanuel's office has some good weekend news, but there's a catch. Free Sunday parking begins this weekend in some neighborhoods, while paying hours are extended in others.
Thursday, June 13 2013 10:34 PM EDT2013-06-14 02:34:57 GMT
It may be the most painful symptom of the economic illness that has put Chicago at a tipping point: our unemployment rate is the highest in the Midwest.
It may be the most painful symptom of the economic illness that has put Chicago at a tipping point: our unemployment rate is the highest in the Midwest.
Facebook is introducing hashtags, the number signs used on Twitter, Instagram and other services to identify topics being discussed and allow users to search for them.
Facebook is introducing hashtags, the number signs used on Twitter, Instagram and other services to identify topics being discussed and allow users to search for them.
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The new Apple iPhone 5 is displayed Sept. 12, 2012 following the introduction of new products in San Francisco. (AP Photo/Eric Risberg)
