Pre-orders for Apple’s iPhone 5 sell out in less than an hour

Customers ordering now from the Apple Store may have to wait two weeks for delivery

FORTUNE -- Pre-orders for Apple's (AAPL) new iPhone were supposed to begin Friday at 12:01 a.m. Pacific (3:01 a.m. Eastern), but things did not go quite as planned.

The first problem was a traffic jam at Apple's online store. At 12:01 the store's...

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