iPhone 5 is Fine Here Now, Thank You
You read earlier in the week that the WSJ thought that demand for iPhone 5 had collapsed or something, due to a rumored cutback in screen orders — a rumor that didn’t pass the sniff test.
And now there’s this:
[J.P. Morgan's Mark] Moskowitz, like other analysts, dismissed recent concerns that iPhone demand could be waning. That sentiment, which pushed Apple’s stock below $500 this week, was driven by an article from The Wall Street Journal that alleged iPhone component orders were drastically reduced in response to weakened demand.
Earlier this week, Moskowitz dismissed that and other reports as just “noise” that would fuel an investor overreaction. On Thursday he stood by that sentiment, and reiterated his belief that any order cuts could mean that iPhone 5 manufacturing yields are improving. Moskowitz has forecast sales of 47.9 million iPhones in the December quarter.
Yet another record-breaking holiday quarter. Yawn.
What was Apple’s real problem last quarter? Moskowitz said, “his team’s research indicates near-term supply constraints affected iPad sell-in activity through the end of November.”
Demand exceeded supply. Now there’s a problem most companies would kill to have.
In Kafka’s and Obama’s America, government printing money like it was confetti and chronic 8% unemployment (15% if you use the pre-1994 measuring methods) are no big deal (wait, they’re unexpectedly better!) but a company whose product demand exceeds supply is a crisis.
And media companies wonder why they’re going broke. Or maybe they don’t wonder, they still haven’t realized it yet.
I’m probably causing the shortage. I’m returning iPhone 5 #3 tonight for a new one after this one experienced a defective battery. I’d be inclined to ask for a 4S as a replacement if I were sane.
Apple did cut orders from some suppliers…. because they’re shifting production to Taiwan Semiconductor.
http://appleinsider.com/articles/13/01/18/tsmc-forecasts-near-100-share-of-28nm-chip-market-in-2013-may-signal-massive-apple-orders
Looks like a buying opportunity, IMO.