“Apple’s iPhone production has hit a speed bump due to display screen shortages, says Rodman Renshaw analyst Ashok Kumar, whose sources include Apple supply and manufacturing partners,” Moritz reports. “Kumar says the shortage has forced Apple’s contract manufacturers to cut the iPhone’s monthly production rate to 2 million a month, down from the planned rate of 4 million iPhones a month.”
“The component shortage comes as demand for the new iPhone builds to record proportions. Apple said this week that pre-sales were running 10 times higher than previous levels for the iPhone 3GS,” Moritz reports. “The hitch involves production of in plane switching displays, the key component of Apple’s so-called retina display screens on the new iPhone. Kumar says people close to the production expect to have the issue resolved probably by August, and definitely by fall, which would be in time for the holiday sales rush.”
Moritz report, “Apple’s new iPhone has been a roaring success already, as the crush of demand for pre-orders crashed AT&T Web processing systems this week.”
Read more in the full article here.
Consider the source.
For my family, at least, this just might be a good thing. The shortage could delay our purchase into the calendar Q4 timeframe . . . when, maybe/just maybe, there might be another carrier available. (I know, I know.)
Hope springs eternal.
It’ll be funny to see the iPhone make up 70% of smart phones within 1 year.
The competitors have no other features that can out top the iPhone
I guess I’ll know if that Verizon in September rumor has any legs to it!
So you reference his article with no confirmation from aapl, no request for comment… ? he has to write every day, for that matter so do you guys, how much is filler how much is pure garbage? Scott has not been the best source for tech info or prognostication.
sheesh
Scott Moritz is an idiot. It was announced this morning that Apple has already signed another partner to build these things.
This is the same claim made last year. Somebody paid him to say it. Think Android/RIMM.
Just as well. Not eligible for the upgrade until November. 🙁 Still, $200 more for early upgrade… I know they won’t let me set up a tent in the mall at the only Apple Store for 180 miles. (I’ve tried camping overnight…for the iPad — which I’m using now)
Consider the source – perfect statement. I’ll second that.
Until we hear it from Apple, I honestly can’t believe what this Moritz fool is saying.
Re VZ as driving aapl stock price in the middle of his article, it may well help but VZ will try and jam you up every chance it gets:
http://www.nytimes.com/2010/06/17/technology/personaltech/17pogue-email.html?ref=personaltechemail&nl=technology&emc=cta1
Also there are a lot of parts makers feeling the pinch from Nokia’s losses. They can move in to fill the gap between supply and demand.
http://www.marketwatch.com/story/mobile-phone-parts-makers-weighed-by-nokia-warning-2010-06-17
Moritz is on the take.
“Apple’s iPhone production has hit a speed bump due to display screen shortages, …” This is the first time I have read where the production speed bump is in the new iPhone 4. For now and the world wide rollout, the screen supply is the answer to, how many iPhone 4 phones will Apple sell? Apple will sell every iPhone 4 that they can get made.
Yes cptnkirk, Scott Moritz is an idiot. And yes, Apple can get more companies assembling their iPhones. However, if they can’t get one of the pieces required to make the iPhone, they can’t supply the finished iPhone.
It is like having a tire shortage, you can’t ship or sell cars without tires no matter how may factories you have making the cars.
People, making the touch screen at this resolution has proprietary procedures that Apple and the manufacturer do not want to share. Apple has the billions in the bank to help them expand to meet Apple’s needs or Apple will acquire them and make it happen.
Moritz can’t even get his FUD-raking right.
JT
Moritz and Kumar are continually making up stories. Do not believe. They are as bad as Digitimes.
Yes breeze, Scott Moritz is very biased and Jim Cramer and Mad Money only in the last half year or year are starting to understand that Apple is crushing the other products and suppliers that they enjoyed using and who advertised on their show. Last night, Cramer started to value Apple using the damage that they are doing to the others in the market.
People can ignore a tsunami until it hits their beach.
don’t believe anything moritz writes EVER! He’s just trying to spin the obvious gigantic demand outstripping supply to a negative for Apple. what a joke. moritz is short apple and has been rimm homer forever.
Moritz either hates Apple or is somehow otherwise motivated to write every bad thing about Apple he can repeat, infer, or just make up.
Still, it is clear even Apple is stunned by the tidal wave of demand. Can you imagine how beaten up all the iPhone-killer makers feel right now? They worked frantically to make their best copies they can and spent gazillions in advertising, only to find they can’t fool more than a few idiots to buy their phones. The servers at Verizon did not crash when the various droids appeared, and nobody is camped out to buy kins at the microsoft store.
silverhawk, I am aware of how off they are. Till this day, they are unaware of what Apple is about to do with their BILLION DOLLAR SERVER FARM. It increases Apple’s server ability by 400 to 500 percent. They may have just tied it into their system today during the maintenance shutdown.
What is the next “Just one more thing”? Did you see the Macmini has a HD port now? Internet TV? Cloud DVR service? Home video phones?
Jersey trader
All those home based viewing options. The only problem now is Time-Warner putting data usuage caps on their dumb pipe. They are going to throttle the whole thing.
Moritz works for Jim Cramer, as theStreet.com is co-owned by Cramer.
How many donkeys will it take to Mae an ass out of Donkey Boy Moritz?
How many donkeys will it take to make an ass out of Donkey Boy Moritz?