There are lots of people that are still waiting ever so patiently for the arrival of their shiny, new gadget, the iPhone 5. The wait for Apple’s latest iPhone seems to be getting longer and longer and the real issue behind this of course is limited supplies.
In fact, even if you go into the Apple stores, supplies are low and if you go to the Apple website itself, the wait time for deliveries can be up to 30 days in length. For the average consumer, having to wait this long for a product that was purchased can be a pain, but for Apple and its investors, these kinds of delays impact revenues and the bottom line. Recently, Wall Street lowered their forecasts of the estimated number of handsets that Apple would sell. Originally, Gene Munster from Piper Jaffray believed that the company would sell 27.2 million phones, but this number has now been dropped by 2.2 million to 25 million units.
As we move into the holiday season, Apple needs to ensure that supplies of the handset improve in order to meet the upcoming demand by consumers and in this regards, Munster does believe that Apple will get their house in order and thus has not reduced his overall sales estimate between October to December which he says will be 49 million units.