Friday Apple Rumors: iPhone 5 Sells Out in an Hour

Orders placed now will have to wait two weeks for shipping

By Christopher Freeburn, InvestorPlace Writer

daily apple rumors AAPLHere are your Apple rumors and AAPL news items for today:

Pre-Order Frenzy: Just an hour after Apple (NASDAQ:AAPL) began taking online orders for the iPhone 5 this morning, the first batch of the new smartphones sold out, the Washington Post notes. Orders placed through Apple’s web store now post a two week shipping estimate. Apple’s newest smartphone was unveiled by CEO Tim Cook at a media event on Wednesday. The super-quick sell-out suggests that demand for the newest iPhone is very strong and that Apple is on track to deliver the biggest product rollout in its history. Apple shares rose 2% in Friday afternoon trading. The iPhone 5 arrives in brick and mortar stores on September 21.

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Under the Hood: The materials that comprise the 16GB iPhone 5 cost Apple $167.50, according to UBM TechInsights. Consumers can purchase the 16GB model for $199 with a two year contract from a wireless provider, or $649 without a contract. The A6 chip is the costliest component at $28, the 4G LTE modem costs $25, while the 4-inch display is estimated to cost $18. The prices of individual components do not take into account R&D costs, overhead or assembly charges. By contrast, the components for the 16GB iPhone 4S are estimated to cost $132 per phone.

Happy iPad Owners: A survey of tablet computer owners by J.D. Power and Associates finds that iPad owners are the most satisfied with their devices, AppleInsider notes. The iPad scored highest in terms of styling and design, performance, features and ease of operation, receiving a score of 848 out of a possible 1,000 points. The industry average for tablet computers was a score of 832. Amazon‘s (NASDAQ:AMZN) Kindle Fire came in second with a score of 841 and was most cited for its price. Samsung’s tablets scored 827, while Barnes & Noble’s (NYSE:BKS) Nook received a score of 803.

For more about the company, check out our previous Apple Rumors stories.

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