Four Monday Must-Read Apple Stories
It’s the Monday after a big Apple (NASDAQ: 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.
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.
Four uniformed NYPD officers were at my subway stop tonight asking me to upgrade to iOS 7. Not a joke! pic.twitter.com/CGdR2RqtKJ
— Michael Hoffman (@Hoffm) September 21, 2013
Samsung Sends Spies to Learn Apple’s Secrets?
That’s what CNET is reporting. Apparently, Samsung (OTC: SSNLF) sent a video crew to the Apple store in Manhattan to learn what makes masses of people wait for days to get their hands on the new iPhone—something that doesn’t happen with other new phone models.
It’s no secret that smartphone manufacturers keep a close eye on each other but normally they’re a little more discrete about their efforts. Sending a film crew that asked questions like, “Is the line shorter or longer this year,” is far from covert.
Disclosure: At the time of this writing, Tim Parker was long Apple.
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