Apple (AAPL) iPhone 5 Shipment Times Now Down to Days
Get Alerts AAPL Hot Sheet
Price: $314.47 -0.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Join SI Premium – FREE
Apple, Inc. (Nasdaq: AAPL) is making some significant headway with getting its iPhone 5 into consumer hands following panel production challenges hit during launch of the device.
Data compiled by CNET today shows wait times for Apple's online store have shipments of two to four days, down markedly from three to four weeks at launch and two to three weeks just a few weeks back.
Notably, some Apple stores are reporting strong stockpiles.
On Monday, Apple announced a broader launch of its iPhone 5, getting it into key markets like China, Brazil, the UAE, and other markets sooner than most expected.
Sterne Agee's Shaw Wu says demand for the device remains high. Canaccord Genuity backed up that sentiment on Monday, after conducting its own checks.
Amid the news, Apple shares are a little pressured Tuesday, down 2 percent for the session.
Data compiled by CNET today shows wait times for Apple's online store have shipments of two to four days, down markedly from three to four weeks at launch and two to three weeks just a few weeks back.
Notably, some Apple stores are reporting strong stockpiles.
On Monday, Apple announced a broader launch of its iPhone 5, getting it into key markets like China, Brazil, the UAE, and other markets sooner than most expected.
Sterne Agee's Shaw Wu says demand for the device remains high. Canaccord Genuity backed up that sentiment on Monday, after conducting its own checks.
Amid the news, Apple shares are a little pressured Tuesday, down 2 percent for the session.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Morgan Stanley Reiterates Overweight Rating on Apple (AAPL), 'We expect $200 iPhone price hikes in September'
- Smartphone shipments fall to 13-year low amid chip shortage
- Niagen Bioscience files to sell up to $50M in common stock
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Sterne Agee, Canaccord GenuitySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share