iPhone 5 Frenzy: 10 Scenes From The Boston Launch

Eye On The Prize

Apple employees wouldn't disclose the size of their iPhone 5 inventory, but if the new phone sells as quickly as it did when it became available for pre-order last week, the numbers could get tight.

The new iPhone 5 sold out within the first hour it became available online last Friday, squashing the 20-hour record held by its predecessor, the iPhone 4S. It's safe to assume that consumers are dying to get their hands on the new device, and eager to experiment with its new iOS 6 software, larger screen size, and faster A6 processor.

The new iPhone 5 is available in a 16GB model for $199, a 32GB model for $299, and a 64GB model for $399. It comes in black or white.