logo
  Join        Login             Stock Quote

Apple (AAPL) Solving iPhone 5 Supply Issues

 November 21, 2012 10:58 AM
 


(By Balaseshan) Despite iPhone 5 production issues, Apple Inc. (NASDAQ: AAPL) is expected to improve the supply of the smartphone in the midst of the holiday season.

According to a report on Apple Insider, Piper Jaffray analyst Gene Munster and his team have conducted store checks and supply analysis at 100 Apple Stores in the U.S., and found the supply of AT&T and Verizon models has "significantly improved," while Sprint units remain readily available.

In addition, Apple has improved the availability of the smartphone to twp weeks now, compared with a Nov. 15 listed shipping time of two to three weeks, and a Nov. 10 shipping time of three to four weeks. Apple's estimated shipping times are often seen as a sign of how well the tech giant is able to keep up with demand, according to Apple Insider.

[Related -Apple Inc. (AAPL): How Q1 Earnings Will Fare?]

Meanwhile, Munster's checks of Apple's stores found "dramatic improvements in availability," as Tuesday night the AT&T model was available at 82 percent of stores and the Verizon model at 72 percent of stores. The Sprint iPhone 5 was also in stock at 92 percent of Apple Stores, according to Apple Insider.

Following the launch of the smartphone, The Wall Street Journal reported an executive saying the iPhone 5 is "the most difficult device that Foxconn has ever assembled. To make it light and thin, the design is very complicated."

[Related -Apple Inc. (AAPL): iPhone Trending into Another Carl Icahn Disappointment?]

According to a Reuters report, iPhones assembler Hon Hai Precision Industry, the entity of the parent Foxconn Technology Group, was finding it hard to cope with the massive demand for iPhone 5 units since the Sept. 21 launch.

Analysts have earlier reported that Foxconn has expanded production of iPhone 5 to its other unit, Foxconn International Holdings (FIH), which typically makes non-Apple products, to address the shortfall. However, Foxconn Chairman Terry Gou declined to comment to the Wall Street Journal on brokerage reports.

Despite all difficulty in getting the smartphone, Apple said it has sold over five million of its new iPhone 5 - the thinnest and lightest smartphone ever - for the first weekend after the launch, breaking the previous record of four million held by iPhone 4S.

AAPL is trading down 0.16 percent at $559.99 on Wednesday. The stock has been trading between $363.32 and $705.07 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageThe Boeing Company (BA) Q2 Earnings Preview: Durable Earnings Beater

The Boeing Company (NYSE:BA) will publish its second-quarter financial results before the open of the read on...

article imageAngie's List Inc. (ANGI) Q2 Earnings Preview: Trending Towards a Smaller Loss than Expected

Angie's List Inc. (NASDAQ:ANGI) will post its second quarter 2014 financial results will be released on read on...

article imageMicrosoft Corporation (MSFT) Q4 Earnings Preview: Xbox and Surface Margins the Key

Microsoft Corporation (NASDAQ:MSFT) will publish fiscal year 2014 fourth-quarter financial results after read on...

article imageBaidu Inc. (BIDU): Climbing Towards Morgan Stanley’s $239.30 Target

Baidu Inc. (ADR)(NASDAQ:BIDU) is up handsomely today, mostly thanks to an upgrade from Morgan Stanley. read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.