“Apple Inc.’s iPhone is sold out at its online stores in the U.S. and U.K., a sign that a new model with faster Internet access may be introduced soon. The shares rose as much as 3 percent,” Connie Guglielmo reports for Bloomberg.
“‘We’re currently out of stock,’ Apple spokeswoman Natalie Kerris said today in an interview. Both the 8-gigabyte and 16- gigabyte models are unavailable. She declined to say when Apple will replenish inventory or comment on supply at retail stores,” Guglielmo reports.
“The shortage suggests Chief Executive Officer Steve Jobs is readying a new model, which may be unveiled during his speech at Apple’s developer conference on June 9, Piper Jaffray & Co. analyst Gene Munster said today in a report. Apple’s wireless partner in the U.K. sold out on May 8 after cutting prices, and the Web-surfing handset is in short supply at the company’s retail outlets in the U.S., he said,” Guglielmo reports.
“‘The channels are running dry,’ said Munster, who is based in Minneapolis and recommends buying Apple shares. ‘The limited availability is one of several indications that the release of a new model is imminent,'” Guglielmo reports.
Full article here.
June 9th? Or sooner?