Roger Fingas
Customers looking to buy an iPhone X post-Christmas should have little problem, as new data shows the device in stock at as many as 97 percent of U.S. Apple stores.
During the week of Dec. 18 through the 25th, availability at 139 of Apple's 271 U.S. locations grew from 56 to 97 percent for an average of 75 percent, Loup Ventures analyst Gene Munster said in a memo shared with AppleInsider. That average compares against 44 percent the previous week, and 25 percent the week before that.
In eight countries, Apple's online lead times by the 25th were said to be about 4 days, versus 3 days on the 18th and the week's average of 5 days — unchanged from the week prior.
The iPhone X should reach "global supply demand equilibrium" in mid-January, Munster has said, giving Apple's March quarter a "small bump up" from December demand rolling over.
"The bigger story is that the [Wall] Street is underestimating the positive ASP [average sales price] impact from the iPhone X over the next few quarters, which should play out as a positive to the Apple story," Munster argued. The analyst called for an ASP of $740 for Apple's 2018 fiscal year, versus general Street consensus of $705.
On Monday, Taiwan's Economic Daily News claimed that Apple is trimming iPhone X orders for the next quarter from 50 million to just 30 million, which led to stock dips for the company's suppliers. Apple typically scales back production to some degree post-Christmas, however.
Charles Martin
Malcolm Owen
William Gallagher
Christine McKee
Wesley Hilliard
14 Comments
Yes, truly a Festivus miracle...of common sense. People wise enough to not blow a minimum $1000 on a phone that makes it near impossible to close out apps and with a goofy notch as part of its style lines. Course $1000+ was reason enough and I could have stopped there.
Okay, so we’re now entering the Dump stage of the Pump and Dump cycle. You know the routine. First build the stock up by predicting record sales. Now come the negatives implying that sales are not what they might have been, all based on the idea that supply and demand are coming into balance. When supply is not keeping up with demand it’s because Apple is intentionally holding back production to give the illusion of huge demand. When supply begins to sync with demand it’s because Apple’s new product is a dud like the haters proclaimed. Lather, rinse, repeat. Hope springs eternal that Apple will fail and disappear shortly and the tech universe will rejoice.
Which analyst do you believe? What do the chicken bones show us for the future? The stock market runs on greed and fear. Every share sold because of fear is bought because of greed.
We’ve heard from Gene, now let’s hear what Eddie has to say:
