iPad mini sold out in most stores after launch in Singapore

The iPad mini in most stores was sold out in less than three hours after it launched on Friday in Singapore, the first city in Southeast Asia to see the launch of theproduct. Some of the customers had queued overnight for the launch and put their hands on what they want shortly after the stores opened at 8:30 a.m. on Friday. There were customers flying from overseas, too. The iPad mini works like the iPad, but is smaller and is half its weight. It has caused some stir but not as much as the launch of the iPhone 5, which is also produced by industry giant Apple. The launch of iPad mini has been closely watched by industry players as well as the public. The sale of iPhone 5 was below market expectations and its map application was criticized by users for inaccuracies. The share price of Apple slipped from its high of over 700 U.S. dollars to below 600 dollars on Friday amid the disruptions caused by Hurricane Sandy and the announcement that one of Apple's leaders will be leaving.