Listen, I'm long and strong. So before anyone jumps down my throut, just read and breath. If you go on the Apple website right now, delivery times for the Iphone 5 remain near a month. Thta is not good folks. Seriously. They have already admitted their are supply shortages of this phone. They need to get these delivery times to a week or two. The fact remains demand is there, and will always be there. But, the Iphone is what butters Apple's bread. They need to have these out the door for the holidays. At a month lag, we are now in December. At what point do people hold off buying the product for the holidays, if delivery passes mid to late December holiday season. Would you order a Iphone as a gift if you knew it woudl show up January 10th. Some will, but some won't as well.
You can preach the demand side all you want. But this is a problem, potentially a huge problem. And i think it is the single catalyst that drove this stock lower, and continues to drive the stock lower. So I order an Iphone today, it comes December 6th? What if you order an Iphone on December 6th, now it shows in January, missing the holidays.
The demand for this phone is ridiculous. They are making these phones day and night. The number of phones in people's hands before the holidays will be amazing. You don't have to worry. I have had the hardest time getting this phone. By the next quarter earnings you will be a very very very happy stock holder.
I hope so, although I also do the NYC eye test. Sounds stupid, but its not. I see no one walking around with the Iphone 5. No one. Every now and again I see someone. I have a feeling they are having a tough time getting this phone out.
Cook talked about this issue on the conference call and said supply issues have been addressed and should not be a problem. Maybe there is so much demand, especially considering the massive global rollout, that it is literally impossible to keep up with demand.
If it is a supply problem (note: supply problem and not demand problem), then I would look to see it fixed before Thanksgiving. everyone knows holiday shopping starts on black friday, so I think that friday would be a good day to see delivery times. if it is still 3-4 weeks then, maybe we should worry.
Sentiment: Strong Buy
I'm not disagreeing with you, although Cook did not address it. He skated the topic by saying "we are doing our best to put an Iphone in everyone's hands that wants one for the holiday." That is not an answer. I want hard numbers from Foxconn. "We were producing XYZ amount of Iphone's initially, and now have streamlined the process to produce XYZ numbers."
Yes, but the Samsung phone looks like a toy. Plus, grown adults don't spend their days drawing on phones or touching phones. That is what 10 year olds do. So your point is moot. The Samsung phone looks like a toy.
i ordered 2 iphone5 3 weeks ago and they came in today. one 16g and one 32g....and this is from a little 10 by 10 ft ATT store in connecticut.......there is no supply problem just shorties trying to convince everyone that one exists.....
16g is the cheapest one, those can fly out the door, 32g is the highest "demand". but none the less, galaxy note 2 released today and shipments out the door. some people like myself waited and waited for iphone 5, now i am done waiting and playing these stupid games... got myself the new note 2 :) oh, and they sold out already too.
Sentiment: Strong Sell
Further, my hope is they have a huge amount of phones to sell and supply, but they are spreading them out across a far larger global landscape, as we are seeing with the India launch today. Hence the wait time. But you cannot feel good knowing the wait times now span into early December. I at least dont feel good about it. I also do not like the lack of marketing for this phone. I feel like all I see are Samsung commercials. Almost no Iphone commercials. Buzz is important during the holidays. Apple used to run Iphone 4 and 4S ads non stop. Great spots. Not anymore.
you may be right, but we CANNOT miss this holiday season. You miss a holiday season, and you might fall into a strong revamp of Samsung's products. They need this season, no two ways about it. They cannot afford another earnings miss. It would be devastating. I'm not liking month waits for this phone, not one bit.
I'm hoping their lowered guidance takes this all into account, which I'm sure it will. But what if the Street once again brings consensus way above company forecasts. That could be a huge issue. Cook needs to articulate what is going on in the very near term. That will set the bar for the sell-side to come to a consensus. Do not lead us blind Mr. Cook. The Apple website is 3-4 weeks, no better than last month. I do not like this