Yesterday, we reported that Apple’s supplier Foxconn claimed they were having a hard time keeping up with the demand for the iPhone.
Now we’re getting conflicting reports that Apple Inc. (NASDAQ:AAPL)’s capacity is improving. Sterne Agee’s Shaw Wu shared a note on Thursday that his checks prove Apple Inc. (NASDAQ:AAPL)’s production capacity has improved. He also predicts that the Cupertino-based company will sell 46.5 million iPhone units during the December quarter, a huge increase from September’s quarter sale of 26.9 million.
Many famous hedge fund managers engage in philanthropy, often through their own foundations. Leon Cooperman of Omega Advisors founded his foundation with his wife Toby, and he invested the foundation's funds into many hedge funds and other assets. Q3 2021 hedge fund letters, conferences and more Here are Leon Cooperman's favorite hedge funds based on Read More
Yesterday, Foxconn’s chairman, Terry Gou, stated, ““It’s not easy to make the iPhones. We are falling short of meeting the huge demand. We just can’t really fulfill Apple Inc. (NASDAQ:AAPL)’s requests.”
There have been numerous reports indicating that the iPhone 5 was the hardest Apple gadget to assemble as of yet. Much of the blame falls particularly on the aluminum chassis design and in-cell touch panel.
Interestingly enough, there was a report last week that two major carriers (Verizon and AT&T) still had constraints with the iPhone 5. Sprint, however, has no problem keeping up with iPhone sales.
The iPhone 5 is a huge gadget and an important sale opportunity for many carriers. I believe Shaw Wu’s prediction and I’m sure Apple is picking up speed where they need it most. I think Apple Inc. (NASDAQ:AAPL)will see a huge increase in sales this upcoming holiday season. Between the iPhone 5, iPad 4, and iPad Mini, I think it’s highly possible that the company will see some unprecedented numbers in sales.
It’s true that the iPhone 5 got off to a shaky start, thanks to the iOS 6 Maps gaffe, but I think most people have forgiven Apple for all of that. They know the iPhone 5 is still a great smartphone. The demand is still there for the device and people still want the phone. I think Apple Inc. (NASDAQ:AAPL) has a bright future.