Apple (AAPL) Reports 3G iPhones Aplenty, Which May Be Bad News
Apple (AAPL) is not sold out of the new 3G iPhones. Based on data from the company, consumers can find them in almost every Apple store. Reports are that Apple’s carrier partner AT&T (T) is not as lucky. Was Apple…
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Apple (AAPL) is not sold out of the new 3G iPhones. Based on data from the company, consumers can find them in almost every Apple store. Reports are that Apple’s carrier partner AT&T (T) is not as lucky.
Was Apple smart? Perhaps it ordered a huge number of the handsets. But, why would it under-supply AT&T? Or, did the initial demand for the iPhone fall well short of the mark?
Bloomberg also reports that “The Apple retail store likely has your iPhone 3G in stock,” Cupertino, California-based Apple told visitors on its Web site. “Shipments of iPhone 3G arrive most days.”
Apple shareholders should hope that the company simply anticipated the early customer traffic and did a good job of inventory control. The alternative is bad news.
Douglas A. McIntyre
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
