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'Walk Out With an iPhone 5': Apple's Device Shortage Comes to An End

November 22, 2012 - News

Apple's iPhone 5 shortage appears to have ended.

Piper Jaffray analyst Gene Munster said in a research note this week that iPhone 5 supplies for the AT&T and Verizon networks have "significantly improved" (inventory for Sprint has remained plentiful since the iPhone 5's debut). As of the evening of Nov. 20, 82 percent of 100 Apple stores have AT&T iPhones, Piper Jaffray found, and 72 percent of Verizon iPhones were on hand.

Pre-order demand for the new device was so overwhelming this fall that Apple could not guarantee availability in its or its carrier partners' stores. Now, looking ahead to Christmas and Hanukkah, Munster predicts good news for consumers.  

"As we get closer to the holiday, we believe consumers will likely have the ability to walk into an Apple Store and walk out with an iPhone 5 within the next two weeks," Munster wrote on Nov. 21.

Several Apple observers said the iPhone 5 shortage was a result of quality control problems as partners had to adjust to redesigns in the flagship device. Apple's stock price was suffering as a result but seems to have smoothed out in recent days.

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