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Last week's iPhone 3G launch appears to have been a success, with the device sold out in virtually all U.S. locations. Calls to local AT&T stores in the metropolitan Chicago area, for example, turned up no phones, and long wait lists. Reasons for the shortage range from Apple underestimating demand to a shortage of components from overseas suppliers.

Apple appears to be having trouble keeping its new iPhone 3G in stock in the U.S., as reports suggest few phones were available in Apple's stores.

The problem appears to be exacerbated by the simultaneous launch of the iPhone 3G across international markets. Another factor driving demand is likely because exclusive carrier AT&T is offering subsidies on the iPhone 3G, making the price considerably less than when the first-generation iPhone launched.

Severe Shortages