Jim Cramer: Supply is the issue for Apple’s iPhone 7 and iPhone 7 Plus

Apple shares are down following the release of the iPhone 7 and the company’s statement that they will not be reporting this weekend’s sales.

TheStreet’s Jim Cramer said that is because iPhone 7/Plus is sold out. At Apple’s annual September product launch held Wednesday at the Bill Graham Civic Center in San Francisco, the tech company unveiled the new iPhone 7, the Appel Watch Series 2 and other product upgrades.

The new iPhone features new advanced camera systems that take pictures like never before, more power and performance with the best battery life ever in an iPhone, immersive stereo speakers, wide color system from camera to display, two new beautiful finishes, and is the first water and dust resistant iPhone. iPhone 7 and iPhone 7 Plus will be available in more than 25 countries beginning Friday, September 16

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Direct link to video here.

MacDailyNews Take: Yes, initial sales have been governed by supply, not demand for some time now. We’ll get iPhone’s quarterly unit sales numbers with Apple’s earning release in late January, as usual.

SEE ALSO:
Apple confident iPhone 7/Plus will sell out, will no longer release first-weekend figures – September 8, 2016

7 Comments

    1. guaranteed, Cook will toss in his usual “we couldn’t be more excited” line.

      Indeed, after that keynote, I lost enthusiasm too. Would have rather watched paint dry that to see one more second of Cook brag about how iOS is so great because it has games, cutesy messaging, and subscription music with a new interface. yawn!

  1. Waiting to hit the “BUY” iPhone 7Plus 256 button…… SOLD!

    NOT….

    SHIPPED… Nowhere, ANYWHERE in the mainstream media about ScamScums HOT 💥🔥NEW INNOVATIVE FEATURE. YUP🔥🔥 … Talking Heads comes to mind.🔥🔥🔥🔥🏡🚨🚨🚨🚒

    More popcorn!

  2. About time that Apple inc. took the initiative back from Wall Street and the nonsense espoused by talking heads on Bloomberg and CNBC.

    Let them all whine and wonder!!

  3. Hmmm

    Inside Apple and Tim Cook’s operational genius – MacDailyNews …
    macdailynews.com/2016/06/02/inside-apple-and-tim-cooks-operational-genius/
    Jun 2, 2016 – Tags: Apple, operations genius, supply chain management, Tim Cook … Inside Tim Cooks genius stock appreciation, should be the headline …

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