Updated 24 May, 2013, 7:53 pm IST
Shipment dates for Apple Inc's
Shipments date slip on first day of presales
Apple started taking pre-orders for the iPhone 5 at midnight Pacific Time (1230 IST) on Friday, with the first deliveries set for one week's time. "We believe the fast sell out indicates both high levels of demand and constrained supply," Cross Research said in a note. "However, given that the company announced an aggressive rollout schedule, we assume management's plan includes a rapid increase in production."
On Thursday, a host of analysts raised their iPhone sales forecasts to reflect the quick consumption of the iPhone 5, with some saying more than 30 million Apple smartphones may be sold this quarter.
Apple shares rose 1.9 percent to a new all-time high of $695.86 on Friday, before easing back a little to $694.33 in heavy early morning trading on the Nasdaq.
Apple was not immediately available for comment.
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