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Want the iPhone 5? You Can't Have It

Tickers in this article: AAPL

NEW YORK (TheStreet) -- So much for the supposedly "tepid" reaction to Apple's (AAPL) iPhone 5.

Apple put the iPhone up for pre-order sales at 12:01 a.m. Pacific standard time, and every model of the phone has sold out already, according to Apple's Web site. Apple is working with AT&T (T) , Verizon (VZ) and Sprint (S) in the United States, and these carriers listed on Apple's Web site indicate a shipping time of at least two weeks.

iPhone 5: What's New

Some tech journalists, social-media mavens and Wall Street analysts weren't impressed with the device, saying it featured nothing new that isn't already available on other smartphones. They were looking for Apple to blow them away with an all-new design or breakthrough feature. Except that's not what Apple is doing with its sixth-generation iPhone. (The iPhone 4 had two iterations.)