The sun shone on crowds at the 14th Street Apple Inc. (Nasdaq: AAPL) store in Chelsea's trendy meat-packing district this bright morning. Lesser -- but still significant -- queues of people were lined up outside AT&T Inc. (NYSE: T) and Verizon Wireless stores on 34th Street to get the first 4G Long Term Evolution (LTE) smartphone from Apple.
Click below to see the lines:
Two of the six people we asked at the Apple store were familiar with what LTE is; all knew the new phone is 4G. Most said they were buying simply to replace an older iPhone.
"Mine was old and kind of broken," said Jeremy Schoenerr, a developer, of his reason for upgrading to the iPhone 5 from a 4. He needed access to able access iOS 6, he added.
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