More good news illustrating the bottom is now behind AAPL. Unhedged shorts are dead here now.
Supply of the iPhone 5 for carriers AT&T and Verizon continues to improve, and may reach consistent availability in the next 2 to 3 weeks, according to a new survey of Apple retail stores.
Gene Munster and his team at Piper Jaffray have been conducting nightly inventory checks at 100 Apple Stores. They found this week that availability of the iPhone 5 at all three major U.S. carriers, including Sprint, was above 20 percent for the first time.
Specifically, 54 percent of Apple Stores polled had the AT&T model in stock, while 24 percent had the Verizon model, and 84 percent were stocked of the Sprint variety.
The numbers are a big improvement from before, when supplies of the iPhone 5 for AT&T and Verizon were severely constrained. Availability of the iPhone 5 through Sprint, which is the third-largest carrier in the U.S., has been consistent for a few weeks now.
"We believe this is an important step for Apple as it appears they are finally gaining momentum in being able to keep up with demand for the iPhone 5," Munster wrote on Friday. "We believe that if AT&T and Verizon device availability follows the same trend as Sprint, it may only be 2-3 weeks before iPhone 5s are consistently available to customers."
The information aligns with a separate report issued on Thursday which cited checks in Apple's supply chain in revealing that production capacity for the iPhone 5 is "much improved" from when the device first launched in September.
Munster's survey of 100 Apple Stores has been ongoing for the last 23 days. To determine availability, his team has checked the Apple online store 30 minutes after new iPhone 5 units become available for reservation at 10 p.m. local time each night. His sample consists of 100 stores across the U.S. serving 10 different zip codes.
Anyone advocating purchase of the Samdung Galaxy plastic pos has not held or used one. They are a kasuk vs the iPhone 5. Check out that microphone texting! IPhone 6 through 10 are already in program.. Kasuk on that.
And to those whetting their Depends that AAPL has no innovation like that elevator shoes midget dude on Fast Money last night, remember that Jobs didn't want to do a briefcase/purse version of the iPad... but Cook and Company did and it is revolutionizing what the Pad is all about.
Well look at this in another way. Is it not possible that supply is catching demand because the demand is falling? Clearly more iPhone 5 's are being sold every day, but what is the rate of sale? Knowing that the Sammy III has already sold in larger numbers not to mention so many other very good Android phones there must be an impact on iPhone current and future sales.
Just saying that looking a more supply is not necessarily a good indicator of high sales volume.