Lightning Fast: Apple iPhone 5 Pre-Orders Sell Out

by Shirley Brady 

Apple shares hit a record high after iPhone 5 pre-orders sold out online within an hour this morning, along with the new Lightning cables and adapters, in the brand's biggest and most aggressivesmartphone launch ever. The rush, which knocked Apple.com offline at times, now moves offline to stores, which could see unprecedented queues next week.

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