Four Monday Must-Read Apple Stories

It’s the Monday after a big Apple AAPL launch weekend. Here are the stories making news Monday morning.

iPhone 5S Gone in Two Days

It’s no surprise that the iPhone 5S sold out rapidly. The rumor mill predicted it, early reports from Australian, Asian, and European vendors indicated that it would happen, and early sales in North America proved it. According to Apple’s website, the phone, in each of the three colors, is now out of stock until sometime in October.

There is wide speculation that Apple keeps initial supplies limited but this was worse than normal due to the short supply of the new Touch ID sensors and the normal excuse of the aluminum body being a difficult part to manufacture. Some analysts say that supply restraints will have an earnings impact unless the 5C made up for shortcomings.

Related: iPhone 5S Supple ‘Grotesquely Unavailable’

Conflicting Estimates About Total Units Sold

The most important data point since its last earnings report will be total iPhone units sold over the weekend. Estimates were as high as eight million but analyst consensus averaged around six million. USA Today reported that the long lines continued through the weekend prompting ISI analyst Brian Marshall to say that he still believes sales will be 20 percent higher than the iPhone 5 debut. This would put weekend sales at 6 million units.

Chuck Jones, an independent technology researcher wrote in a Forbes column that while the 5S is sold out, the 5C still shows a 24 hour lead time indicating good stock. This is unusual for a new Apple product and may indicate sales of three to four million.

iOS7 Adoption Higher than iOS6

After 48 hours, 32 percent of iOS users had upgraded to iOS7. This compares to a 25 percent adoption rate of iOS6, according to research released by ad network Chitika. iOS was heavily hyped and the large-scale cosmetic changes prompted a lot of curiosity, according to reports.

In what appears to be an unprecedented move, the NYPD encouraged Apple users to upgrade to the new OS because of the new security features that make the phone useless if stolen. Translation: The NYPD doesn’t want to chase down stolen iPhones so update your software.

Market News and Data brought to you by Benzinga APIs
Posted In: NewsTechAppleiPhoneSamsung
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...