iPhone 5 already in short supply; selling your old iPhone if you upgrade

Wow, if there was any doubt about how popular the new iPhone would be, the initial sales have put that to rest. By 4 am this morning, the first day that pre-ording was available, Apple's website was already saying that delivery would be two weeks rather than next Friday, as announced. As usual, those who went online in the middle of the night had trouble accessing Apple's website because it was getting hammered by so much traffic. Similarly, by mid-day today Verizon was saying that delivery would be in two weeks, and AT&T was saying 14-21 days. Sprint, however, was still promising delivery by next Friday as of this afternoon.

Apple's stock continues to head into the stratosphere, almost reaching 697 today before dropping back a bit. 

If you're purchasing the new iPhone, what should you do with your old one. There's been a raft of articles on that topic, including one today on AppleInsider that compares how much you'll get for your old phone if you sell it to Amazon, eBay, NextWorth, uSell, and Gazelle. A story on Fox News lists 11 things you can do with your old iPhone.

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Jim Karpen holds a Ph.D. in literature and writing, and has a love of gizmos. His doctoral dissertation focused on the revolutionary consequences of digital technologies and anticipated some of the developments taking place in the industry today. Jim has been writing about the Internet and technology since 1994 and has been using Apple's visionary products for decades.