Franchise News

Apple iPhone: 90 Percent of Smartphones Available in Company Stores

Nov 28, 2013 10:43 AM EST | By Justin Stock

Ninety-percent of Apple's iPhone are in stock at company retail stores Apple Insider reported Tuesday. The number is down from 95-percent last year.

"We view the improvement in supply as an encouraging sign that Apple has begun to catch up to demand," Gene Munster of data investment firm Piper Jaffray told investors in an e-mail Apple Insider reported. "We continue to believe that Apple will reach supply-demand equilibrium by early December."

Piper Jaffray comprised information from monitoring 60 Apple retail locations in the United States.

Apple's iPhone inventory has also increased from 31 percent Nov. 1 to 90 percent Monday. The iPhone 5s also had a 0.8 percent increase compared to the iPhone 5. AT&T currently has 99 percent of the device available. Verizon has 98 percent.

Sprint had 72 percent while AT&T and Verizon each had 75 percent combined.

"Verizon has more power relative to its competitors, both because of its nicely diversified base of operating systems and brands, and also its control over the customer experience," Mike Levin, partner and co-Founder of consumer intelligence research partners told Forbes.

The iPhone 5C is $100 less expensive than the premium 5S with an initial price at $649 for the 16 gigabyte model. Apple's unlocked iPhone 5s models were not studied.

"(The iPhone 5s)by far the top-selling smartphone at all four tier-1 U.S. carriers and at most channels where the smartphone launched globally," Canaccord Genuity analyst Mike Walkley, analyst at Canaccord Genuity told eweek.

The popular gold-colored iPhone 5S, however, remains in short supply," Walkley continued, "with wait times ranging from 10 days to over a month with the duration of the wait varying across carriers and also dependent on consumers' memory preference for this SKU."

Apple predicts it will sell 33 million to 36 million new iPhones during the fourth fiscal quarter also known as the holiday quarter in a projection that could top 50 million.

Apple added both devices to their slate of phones last month, and were concerned the iPhone 5C will damage product sales, and overflow margins.

© 2024 Franchise Herald. All rights reserved.

Franchise News

Real Time Analytics