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As long as it's not urgent (and at this point, how could it be?), we humbly recommend waiting until tomorrow or Tuesday to pick up an iPhone. Stock at the Soho and MePa stores is running low, and the voucher line at midtown sounds especially long today. The full report:
Apple Store Midtown
Line length: None, for vouchers
Availability: Plenty of stock.
Color: When you come back at the time designated on your voucher, expect a 1-2 hour wait
Apple Store Soho
Line length: At 9:10 AM, no line.
Availability: Everything's limited—they'll probably run out.
Color: The genius predicted waits of about an hour later today.
Apple Store MePa
Line length: 1.5 hours
Availability: Running low
Color: They might get more in tomorrow, but couldn't promise anything.