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Technology Stocks : Apple Inc.

AAPL 274.68

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From: Moonray	11/2/2012 2:27:43 PM
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Apple Can’t Fix This iPhone 5 Problem By Aabha Rathee \| More Articles - November 02, 2012 Supply of Apple’s ( NASDAQ:AAPL) iPhone 5 is yet to catch up with demand in the U.S., according to a survey of retail stores conducted by analysts at Piper Jaffray. Gene Munster and his team conducted surveys at 70 Apple Stores to check on availability of the new iPhone and found that supply was generally constrained. Shortfalls were more apparent at AT&T ( NYSE:T) andVerizon ( NYSE:VZ), while inventory was said to be improving atSprint ( NYSE:S). The firm also conducted a poll of customers this week to measure demand for the new iPhone and found that it had gone up. While a similar poll conducted prior to the iPhone 5 announcement found that 48 percent of customers who planned to buy a smartphone would choose the Apple device, this week’s poll had the number up to 55 percent. According to the research firm, the increase in demand for the Apple device came at a cost to Google ( NASDAQ:GOOG) Android and Microsoft ( NASDAQ:MSFT) Windows Phone. The number of people among those surveyed who were planning to buy an Android device fell from 39 percent to 35 percent, while demand for Windows Phone handsets dropped from 9 percent to 5 percent. “We believe the incremental strength in iPhone 5 demand following the product launch, despite the reported supply and Maps issues, suggests that demand for the phone remains strong,” Munster wrote in a note to investors. Apple sold a total of 26.9 million iPhones in the September-ending quarter and while the company does not break down sales by versions of the phone, it said after the iPhone 5 launch weekend in late September that 5 million iPhone 5 units of the device had ben sold. o~~~ O

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