Is There Actually a Surplus of Apple’s iPhone 5C?
Did Apple (NASDAQ:AAPL) overstock the iPhone 5C? Although Apple sold out of all variations of the iPhone 5S less than 48 hours after it launched, some analysts believe that the company may have overestimated the demand for the lower-cost iPhone 5C.
As reported by Fortune’s Philip Elmer-DeWitt, BTIG Research analyst Walter Piecyk recently conducted an informal survey of several carriers’ stores in order to discover if there really was a surplus supply of iPhone 5C models. According to Piecyk, AT&T (NYSE:T) reported having every color and version of the iPhone 5C, while Verizon (NYSE:VZ) stores appeared to have an available supply of most colors of the 16GB version. Sprint (NYSE:S) seemed to have a minor shortage of iPhone 5C models with some stores giving waiting periods of up to two weeks for the yellow 16GB iPhone 5C.
While Piecyk observed that, “There are no real conclusions that you can draw from these calls,” he also noted that none of the stores were ready to assure him that they had plenty of iPhone 5C inventory. This contrasts with the views of some analysts such as Piper Jaffray’s Gene Munster.