iPad Mini With Retina Display in 'Very Constrained Supply Situation' Says Analyst (AAPL)
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Rating Summary:
39 Buy, 25 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Apple (NASDAQ: AAPL) recently launched its iPad mini with retina display. In the view of analyst Brian J. White of Cantor Fitzgerald, the launch remains in "stealth mode," a signal of supply constraints.
"Given the stealth nature of pre-order launch (11/12) for the iPad mini with Retina Display, we conducted our own survey around "Personal Pickup Availability" to gauge supply," said White. "Our survey touched 172 Apple Retail Stores in the U.S., or approximately 65-70% of the total U.S. store base. With four capacity models (i.e., 16GB, 32GB, 64GB and 128GB) available for both Silver and Space Gray, only 27% of these eight different Wi-Fi models were available for Personal Pickup, according to our survey. In our view, this clearly points to a very constrained supply situation."
"We had hoped the iPad mini with Retina Display would launch later this week (11/22) in volume at Apple Retail Stores (and possibly it will), but at the very least, we believe Apple must make the new device available for Black Friday (11/29)," he added.
Cantor Fitzgerald has a Buy rating on Apple with a price target of $777.00
For an analyst ratings summary and ratings history on Apple (NASDAQ: AAPL) click here. For more ratings news on Apple click here.
Shares of Apple closed at $518.63 yesterday.
"Given the stealth nature of pre-order launch (11/12) for the iPad mini with Retina Display, we conducted our own survey around "Personal Pickup Availability" to gauge supply," said White. "Our survey touched 172 Apple Retail Stores in the U.S., or approximately 65-70% of the total U.S. store base. With four capacity models (i.e., 16GB, 32GB, 64GB and 128GB) available for both Silver and Space Gray, only 27% of these eight different Wi-Fi models were available for Personal Pickup, according to our survey. In our view, this clearly points to a very constrained supply situation."
"We had hoped the iPad mini with Retina Display would launch later this week (11/22) in volume at Apple Retail Stores (and possibly it will), but at the very least, we believe Apple must make the new device available for Black Friday (11/29)," he added.
Cantor Fitzgerald has a Buy rating on Apple with a price target of $777.00
For an analyst ratings summary and ratings history on Apple (NASDAQ: AAPL) click here. For more ratings news on Apple click here.
Shares of Apple closed at $518.63 yesterday.
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