If you’re thinking of buying an iPhone 5 in the near future, you’ll be disappointed to discover that supplies of the device are still low, with Apple’s online store still predicting 3-4 weeks for delivery, and Apple Stores across the globe are reporting stock shortages.
Because of this, Wall Street analysts are reducing their forecasted sales by as much as around 2.2 million units. However, many are expecting more sales in the holiday season because of this, so for Apple, the stock shortages could be a blessing in disguise.
Jefferies analyst Peter Misek explains the situation:
“Remember, there are 170 million post paid subscribers coming off contract. That’s overwhelming all supply ramps. The demand here is unprecedented.”