“Shipment dates for Apple Inc’s new iPhone slipped by a week on the first day of sales on Friday, suggesting strong demand for the slimmer, lighter and faster version of the smartphone,” Sayantani Ghosh reports for Reuters.
“Within an hour of the start of presales, the Apple Store Online was projecting shipments would take two weeks to fulfill,” Ghosh reports. “Apple started taking pre-orders for the iPhone 5 at midnight Pacific Time (0700 GMT) on Friday, with the first deliveries set for one week’s time.”
Ghosh reports, “‘We believe the fast sell out indicates both high levels of demand and constrained supply,’ Cross Research said in a note. ‘However, given that the company announced an aggressive rollout schedule, we assume management’s plan includes a rapid increase in production.'”
Read more in the full article here.
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