As Black Friday fast approaches shoppers are making their lists to find the best deals around.

While the iPhone 5 may be fairly new to the market, demand only increases for the hot smart phone this holiday season.

Apple is finally starting to produce at the rate of demand for their latest device as consumers are swiping them off the shelves of their local retailers.

According to PCMag, Apple CEO Tim Cook commented on the situation in a statement: "Demand for iPhone 5 has been incredible and we are working hard to get an iPhone 5 into the hands of every customer who wants one as quickly as possible. While we have sold out of our initial supply, stores continue to receive iPhone 5 shipments regularly and customers can continue to order online and receive an estimated delivery date. We appreciate everyone's patience and are working hard to build enough iPhone 5s for everyone."

Smart phone retailers are stocking up a majority of them and online shipping times have dropped to around two weeks.

It's unlikely Apple will have any deals for the iPhone 5, but online site hottydeals.com shows the best deals available.

Those expecting to get the best deals for other products from the Apple Store will only have a short window to do so as they're holding a one-day only shopping event that begins on midnight Friday online and extended hours at ground locations from 8 a.m. to 10 p.m.

"This Friday, there's something for everyone. Including you," said an email from Apple to select customers this week. "Prepare your gift list: The one-day Apple shopping event is this Friday, November 23."

Apple has always been hesitant to release previews of their holiday deals, but taking a look at some of last year's Black Friday deals shows the company hasn't done any huge savings, but everything counts the more you buy.

For Black Friday 2011, Apple offered $20 off iPad 2 and iPod Touch; and $101 off MacBook Air, MacBook Pro and iMac.

For the latest devices released by the company it is likely that the third-party accessories will be marked down, but the devices themselves will probably stay around their suggested prices.

But for those of you seeking Apple products at the best bargains there are many retailers with their own deals on the hottest devices.

Walmart's doors open at 8 p.m. on Black Friday, but at 10 p.m. the store will have a one-hour sale that includes a 16GB Apple iPad2 with WiFi for $399 plus a $75 Walmart gift card.

Best Buy will open their doors on midnight Thanksgiving with tickets to be distributed to customers in line at 10 p.m. with sales like Apple iPod touch 32GB MP3 Player (5th generation) bundled with a $50 Best Buy gift card for $295. The iPod Nano 16GB (7th generation) device will be offered with a bundled $20 gift card for $145. Best Buy is also offering $100 Apple iTunes gift cards for $80. Best Buy also will sell a 13″ MacBook Air for $1,024 and Apple TV for $89.

Online retailer MacMall has a wide selection of Apple products marked down like Mac Mini for $573, 16GB Wi-Fi iPad (4th generation) for $473.99, 64GB iPod touch (5th generation) for $394.00, 8GB iPod touch (4th generation) for $179.99, and 11" 1.7GHz 64GB MacBook Air at only $898.

Target opens on Thanksgiving Day at 9 p.m. with Black Friday deals that include Apple iPads with Retina Displays for $499 with a $60 Target gift card.

Where ever you plan on shopping, Apple products won't be far off, but supplies are limited.