Many U.S. Stores Report Being Sold Out of iPhone 5

NEW YORK -- It was possible to walk into a store Saturday and buy an iPhone 5. But it took some hunting.

Some stores reported having Apple's (AAPL) newest phone available for walk-up customers. But a random check of about a dozen stores indicated that most were sold out.

A Verizon (VZ) store in New York City said the phone was available. A Sprint (S) store in a suburb of St. Paul, Minn., said all but the most expensive 64 gigabyte iPhone 5s were sold out.

The iPhone 5 went on sale Friday, igniting explosive interest around the world. Apple's Web site said phones bought online would ship in three to four weeks. Verizon's Web site said they would ship by Oct. 19.

It's hardly uncommon for supply shortages to make it difficult to get new iPhones in the first days of their release. For Apple, the iPhone introduction is the biggest revenue driver of the year. Analysts say the company will likely sell millions of phones in the first few days.

> > Bull or Bear? Vote in Our Poll

There were long lines Friday at Apple's stores in Asia, Europe and North America as customers pursued the new smartphone. Apple and the phone companies haven't provided sales figures from the first day. Apple is expected to announce early results Monday.

Last year, Apple said on the Monday after the launch of the iPhone 4S that it had sold 4 million in the first three days.