New Apple Inc. (AAPL) iPhone Model Preorders Already Selling Out

NASDAQ: AAPL | Apple Inc. News, Ratings, and Charts

AAPL – Customers that haven’t preordered as of yet may find a delay.

Apple Inc’s (NASDAQ:AAPL) newest iPhone models have been made available for preorder, and let’s just say that interest is high as per usual when the tech titan released a new device. Preorders are actually beginning to sell out.  

CNET has the details on what looks to be another hit for Apple.

If you were hoping to get your hands on the premium version of Apple’s newest high-end iPhone, you may need to wait a while.

Preorders for Apple’s newest phones began just after midnight Friday, and the larger and more expensive iPhone XS Max designed for Verizon and AT&T in the US appeared no longer available for delivery by launch day, Sept. 21. Many were now available within “1-2 weeks” or more, stretching preorder shipments into October on Apple’s online store.

Prices for the new models start at $749 for the iPhone XR, which is meant to be the budget-friendly offering for consumers. As such, it features an aluminum body and LCD display as opposed to the stainless steel and OLED display that other models feature.

At the top of the price chart is the 512 GB iPhone XS Max, which retails for a whopping $1,449.

Apple Inc. shares rose $0.79 (+0.35%) in premarket trading Friday. Year-to-date, AAPL has gained 35.32%, versus a 9.91% rise in the benchmark S&P 500 index during the same period.

AAPL currently has a POWR Rating of A (Strong Buy), and is ranked #1 of 28 stocks in the Technology – Hardware category.

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