While there have been varying reports about the success of the launch of Apple (NASDAQ: AAPL) iPad mini, analysts at Topeka Capital note that the NYC flagship store is sold out. A great testament considering the power outages and damage from Hurricane Sandy.

"We are at Apple's flagship Fifth Avenue store in New York City and our checks now indicate that all of the White & Silver iPad mini models are sold out versus the two models we discussed earlier this morning," analyst Brian While notes. "Additionally, we now have initial indications that all of the Black & Slate models are now sold out."

"We believe these early stock outs are driven by the combination of strong demand, combined with a shortage of supply due to the constraints we discussed during our recent Asia Technology Tour."

White also notes no more iPad mini shipments are expected at this store today.

The analyst has a Buy rating and price target of $1,111 on Apple

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $596.54 yesterday, with a 52 week range of $363.32-$705.07.

Analyst Comments Insiders' Blog

BTIG Thinks Apple (AAPL) Should Sell 3M iPad Minis in First WeekendNovember 2, 2012 3:32 PM Noted Analyst Sees Apple (AAPL) Slinging Up to 1.5M iPad Minis Over the WeekendNovember 2, 2012 11:33 AM