“Supplies of the iPad mini are sold out at Apple’s flagship Fifth Avenue store, with white and silver models gone within 30 minutes, said Brian White, an analyst at Topeka Capital Markets,” Adam Satariano reports for Bloomberg. “Almost 600 people lined up outside the store, according to Gene Munster, an analyst at Piper Jaffray Cos.”
“Apple, the world’s most valuable company, and other retailers are grappling with transportation and supply complications as the New York metropolitan area begins the recovery from Sandy, which made landfall on Oct. 29. Two of Apple’s five stores in the city are closed today due to the storm, as are some in New Jersey,” Satariano reports. “Lines at the open locations suggest the weather won’t hamper sales, White said. ‘The iPad mini is off to a strong start and we believe this will be the next star in the Apple portfolio,’ White said.”
Satariano reports, “Apple may sell 1 million to 1.5 million iPad minis in the launch weekend, Munster said in a research note.”
Read more in the full article here.
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