“Walter Piecyk of BTIG Research this afternoon muses that for Apple‘s (AAPL) iPhone 5, ‘product supply no longer appears like it will be an issue this quarter and there should be some carryover demand from a supply-constrained iPhone 5 launch in September,'” Tiernan Ray reports for Barron’s. “‘We believe that supply demand might soon be in balance, if it is not there already.'”
“Which means, he thinks, the company should “have no problem hitting our estimate of 47.5 million iPhone 5′s sold this quarter,” helped in part, as well, he expects, by the debut of the phone in China next month,” Ray reports. “Piecyk notes that shipment times for the iPhone 5 have declined from an initial 3-4 week wait to about 1 week for most North American carriers. He also cites the remarks in recent quarterly presentations by telecom exeuctives such as Qualcomm (QCOM) COO Steve Mollenkopf, and AT&T (T) CFO John Stephens, whose remarks give him the impression that ‘supply is ramping nicely.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
… and here goes the snap of the rubber band. Watch people tripping over themselves to get back on the apple stock roller coaster.
Exactly!
No matter how much apple is worth to the Wall Street urchins .. It is always the best !!
I’m sure the hedge funds know this. They’ve pushed the beach ball under water about as long as they could manipulate the stock. That beach ball will then shoot upward. Watch them jump back in as the little guys got scared from all the hit piece attack articles. They will profit tremendously at the little guy’s expense.
Rinse and repeat.
As for me, I’ve held on to my shares. The fundamentals of Apple stock remain strong. The company is growing much faster, has more cash, less debt and a better valuation than any competitor. The stock is seriously undervalued. And Apple will likely report a record-breaking quarter.
This article is proof of all the FUD that’s driven down Apple shares. Let’s hope karma is a fickle bitch to the jackals doing this to ordinary imvestors. Patience. This will turn around.
Record-breaking quarters have only made the stock sag more, because they weren’t record-breaking enough.
I want a factory unlocked iPhone 5 but I don’t wanna buy it in Canada nor Mexico ( in Mexico is selling for about 800 the cheapest one directly from apple and unlocked)
47 million iPhones is overestimation, probably, since it is almost middle of November, half of the quarter, but iPhone demand still higher than supply — soon to be fore two months already.
So I am not sure if it is technically possible to match 47 million units prognosis even if the demand is there.
I got out at the top ($700). Have been buying a little bit (calls) the last week or so. But it just kept dropping. Dumped them this morning and bought puts. Worked out nicely. A $20 drop makes a put really jump. I would like to get back in and be long AAPL as soon as it starts trending up. News like this is promising. But not always accurate. I think I’ll watch for just a little while longer. Resistance should be around $525 if it continues to drop. Of course it always could blow through that too. Never catch a falling knife if you can avoid it. The stock is at $537.70. Still has a potential to drop $12 pretty easily. It’s down $168. That’s a lot of money if you own any amount of shares or options. For those who took profit, you’re now going to buy AAPL at at least $168 cheaper than six weeks ago. And maybe even cheaper tomorrow or next week? Beware of a suckers rally. I think this will be a fantastic quarter for Apple if they can only get that supply issue in line. But of course that’s simply stating the obvious. Let’s just say I’m hoping they can get it together. But Apple has done more than drop like a rock, it’s been beat up in the press very badly. It has had big drops before but never such negative reaction by so many people. So be careful going forward, this is not the Apple of the last four or five years. I think it can really ramp up from these lows (as soon as supply issues are corrected ) but I don’t think it will be so much of a “sure thing” as in the past. Like it or not it does have competition out there. They may be crappy products but they are selling. But as soon as we can get some truly reliable sources reporting supply is starting to match demand…………… look out above! I’m ready.
The next spin will be during the holidays when Apple stuff is easily found. They’ll say no one is buying Apple stuff to drive the stock down when really they have ramped upto the point of meeting demand.
Mine arrives today. I ordered it Saturday. 6 days ain’t bad.
Yeah right 1 week delay. I pre ordered my iphone 5 day 1 of pre orders through best buy. Here we are 11/09 and I STILL don’t have my phone! >:(