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  • lucky.ecv13 lucky.ecv13 Aug 4, 2009 5:45 PM Flag

    Kumar warns smartphones face a “looming supply/demand imbalance”

    That may be true but the IPhone is an exception. Everyone is buying it here in Atlanta. No contest between it and all the others..Have to stand in line to get it..

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    • Yea, and some keep falling for the demand crises bs too while sitting on 2 million in inventory, roughly the same as the previous quarter but as long as they keep saying we can't make them fast enough the media mutts will keep printing it.

      Ben Reitzes - Barclays Capital

      Okay, thanks and with regard to the surge at the end of the quarter of iPhones, 5.2 million and you’re constrained on the 3GS, what is the inventory situation like? I mean, you were running at over a million, I believe, Tim, and how did you end the quarter on inventory? And how is the pent-up demand look though heading into the next one?

      Timothy D. Cook

      The iPhone channel inventory was flat sequentially, so it was approximately the same number from the beginning of the quarter and at the end of the quarter. And what that means obviously since we were selling a lot more units at the end, that we do not have a channel loaded with the number of units that we would like at this time and you can see that in terms of stock-outs on the 3GS.

      Ben Reitzes - Barclays Capital

      What’s that unit number, and then I’ll cede the floor here?

      Timothy D. Cook

      The unit number?

      Ben Reitzes - Barclays Capital

      Of inventory?

      Timothy D. Cook

      You know, consistent with what I’ve said before, you can do the math, but it’s about 1.83 million, just slightly over 1.8.

      Production for the quarter was in fact cut for both the old and new models from last quarter instead of increasing for the new 3gS.

      2. Recent downward adjustment by Apple to both new and existing iPhone build plans. ''Checks indicate that Apple recently cut back on the production of the new iPhone from an aggregate of 3.0 million to 2.5 million units, although it is still expected to be launched in late June; also we believe Apple has very recently lowered unit build forecast for the existing 3G iPhone by 15-20 percent.''

      Like Obama would say... Never waste a good crisis.

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