Several research reports have surfaced which suggest that sales of the iPhone 4S are still strong almost a month after going on sale. First, Chis Whitmore of Deutsche Bank released a survey of 30 Apple retail stores, 85-90% of which are running out of stock of the device on a day-to-day basis.
On the other hand, Brian White of Ticonderoga Securities notes that Apple sold through their launch stock of iPhone 4S’ in the company’s Hong Kong store in only ten minutes. The Hong Kong store is as White describes it “Greater China’s” first store to offer the iPhone 4S. This means strong demand due to availability constraints.
In other words, the iPhone 4S is selling very well both at home and abroad. Where are all of the people claiming the iPhone 4S is a disappointment now?
Reports courtesy of Barron’s and Ticonderoga Securities.
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