iPhone 5 Shortage Spooks Aplle Investors
The scarcity of iPhone 5s the main reason shares, after bursting through the $700 mark in late september, have tumbled nearly 10 percent over the last several weeks, analysts say. On tuesday, Apple's stock closed at $635.85.
Apple's online store now a shipping delay of three to four weeks for the new iPhone.
The iPhone 5 shortage has largely overshadowed a separate lift that Aplle's sales could get from the release of a smaller, less expensive iPad, which the company is expected to release in the coming weeks. Mr.Munster estimated that 90 percent of his recent conversations with investors have on iPhone 5 supply issus.
