Supply of Apple Inc.(NASDAQ:AAPL)’s iPhone 5 units at the retail stores of the US has met with raging demand during the bustling holiday season.
Gene Munster and his team of analysts at Piper Jaffray have maintained their nightly checks of 100 Apple Stores. They found that supply of Verizon and AT&T versions has essentially improved. Sprint models, on the other hand, are readily available.
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Munster said that as the holiday season approaches, consumers will likely have the capability to pay a visit to an Apple Store and get an iPhone 5 within the next two weeks.
His checks of Apple’s store revealed drastic improvement in terms of availability. As of Tuesday night, the AT&T model was available at 82% of stores and the Verizon model was available at 72% of stores. The Sprint iPhone 5 was also in stock at 92% of Apple Stores.
Signs of better supply were noticed this week when Apple changed its online store to promote two-week shipping times for the iPhone 5. Apple’s predicted shipping times for its products are frequently seen as a sign of how the company is competent to cope up with the rising demand.
Availability of the Verizon and AT&T iPhone 5 models was exceptionally constrained earlier this month. However, Apple has been slowly catching up in the upcoming weeks.
Apple seems to have encountered a number of quality control problems with assembling iPhone 5 when the device was first announced. However, the information from the company’s supply chain revealed that the capacity was improving gradually as partners of Apple got used to making of the redesigned device.
Apple’s CEO, Tim Cook has stated in a press conference that demand of iPhone 5 has been incredible and Apple is working hard to ensure that every customer gets an iPhone 5.