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Post by onemoreanimal on Sept 23, 2012 20:03:50 GMT -8
So they announced 2 million pre-orders which are not sales? If they do this the way you and Mav think they will they should release a set of instructions to explain cause it makes zero sense. Technically, but from historical evidence, most people would assume they can ship at least 2 million units within 9 days. And I would guess they released that number to simply demonstrate the magnitude of demand.
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Mav
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Post by Mav on Sept 23, 2012 20:26:09 GMT -8
A preorder is a preorder. I doubt a significant fraction of preorder people dropped out to buy anyway.
The answer to shipping must include ADVANCE shipments. Like in the case of the new iPad.
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Post by Rupert on Sept 23, 2012 21:22:34 GMT -8
Resistance/Support Monday 09/24/2012
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Post by jumar on Sept 23, 2012 23:36:20 GMT -8
So assuming supply is not an issue and demand is there, the big question becomes "how many units can be physically shipped?" That's our bottleneck. This may be playing a larger role than I would have expected. My order has been at our UPS depot since 4am Friday morning (was technically "out for delivery" but they changed it) and they aren't going to deliver until Tuesday now. The trucks going out must be overloaded.
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Post by Rudyo on Sept 24, 2012 0:52:44 GMT -8
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Post by Big Al on Sept 24, 2012 1:02:02 GMT -8
One reason might be simply that an order isn't a sale. I suspect many people preordered and then cancelled the order after purchasing a unit in store. Why would someone do that? Because they want to make sure they get the phone as soon as possible, and why wait 3-4 weeks if you can get a phone in store? And why not preorder on the web first in the event you can't get one in store? I've done this with other products, most recently the MBPro Retina Display. I ordered one online and then cancelled the order when I lucked out in finding one in store. This also might help explain why shipping times on preorders are improving. So they announced 2 million pre-orders which are not sales? If they do this the way you and Mav think they will they should release a set of instructions to explain cause it makes zero sense. I think they are doing it the following way... They register first all the iPhones that they have sold (over the internet, the stores, the carriers, resellers, etc). And with sold I do mean a more "relaxed" definition of the one used for financial reporting: Somebody has purchased/pre-ordered it, no matter whether it is shipped or not. I think that Apple has enough data from previous product launches on how many of those purchases might be cancelled to predict what might be the final sales number. For example, let's say that we have 4 million pre-oders, and another 5.3 million of orders & direct sales after launch. They will deduct the 9.7 million by the usual rate of cancellations (let's take 10%), which will lead to a sales number of 8.4 million. To be conservative Apple would then announce "weekend sales top 8 million iPhones".
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Post by phoebear611 on Sept 24, 2012 1:51:53 GMT -8
Every person who shorted like Keith McCullough is tweeting the Foxconn story and trying to press the stock down. Meanwhile Tuaw - which isn't a great source but one nonetheless - says everyone at Foxconn is back to work tomorrow.
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Post by phoebear611 on Sept 24, 2012 3:20:35 GMT -8
Now there is a rumor circulating that there were 11 mln iPhones sold. Today is gonna be one of those damn days! Can you say R-O-L-L-E-R-C-O-A-S-T-E-R???!!!
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Post by lovemyipad on Sept 24, 2012 3:22:51 GMT -8
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Post by phoebear611 on Sept 24, 2012 3:26:41 GMT -8
To put things in perspective - this massive -5.21 PM move is on a 'GRAND TOTAL' of 16.5k shs. So let's take a deep breath here.
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Post by lovemyipad on Sept 24, 2012 3:43:51 GMT -8
See metals. See oil. Something macro is afoot.
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Since84
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To infinity and beyond!
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Post by Since84 on Sept 24, 2012 4:20:01 GMT -8
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Post by roni on Sept 24, 2012 4:22:38 GMT -8
It is mostly China and Europe, folks. That is my early read on it.
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Post by roni on Sept 24, 2012 4:26:44 GMT -8
Dip buying plans, anyone?
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Post by nkmho on Sept 24, 2012 4:30:46 GMT -8
Dip buying plans, anyone? BTFD!
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Post by rob_london on Sept 24, 2012 4:30:54 GMT -8
5 million
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Post by stkstalker on Sept 24, 2012 4:31:33 GMT -8
Acid churning.
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Post by qualitywte on Sept 24, 2012 4:36:13 GMT -8
Dip buying plans, anyone? BTFD! Heck yeah!
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Post by Big Al on Sept 24, 2012 4:38:18 GMT -8
Did I miss something?
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Deleted
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Post by Deleted on Sept 24, 2012 4:38:54 GMT -8
5 million phones sold this weekend - official apple announcement.
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Post by johng on Sept 24, 2012 4:40:00 GMT -8
Dip buying plans, anyone? Bought premarket @683 and change. swing batta batta batta JohnG
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Deleted
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Post by Deleted on Sept 24, 2012 4:40:41 GMT -8
iPhone 5 First Weekend Sales Top Five Million CUPERTINO, California—September 24, 2012—Apple® today announced it has sold over five million of its new iPhone® 5, just three days after its launch on September 21, and more than 100 million iOS devices have been updated with iOS 6, the world’s most advanced mobile operating system. iPhone 5 is available in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the UK, and will be available in 22 more countries on September 28 and more than 100 countries by the end of the year. Demand for iPhone 5 exceeded the initial supply and while the majority of pre-orders have been shipped to customers, many are scheduled to be shipped in October.
“Demand for iPhone 5 has been incredible and we are working hard to get an iPhone 5 into the hands of every customer who wants one as quickly as possible,” said Tim Cook, Apple’s CEO. “While we have sold out of our initial supply, stores continue to receive iPhone 5 shipments regularly and customers can continue to order online and receive an estimated delivery date. We appreciate everyone’s patience and are working hard to build enough iPhone 5s for everyone.”
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Post by jdrizzo89 on Sept 24, 2012 4:40:46 GMT -8
hmm 5 mil below the 6 mil that was projected..?
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Post by rob_london on Sept 24, 2012 4:41:39 GMT -8
It shows how high the bar has been raised, that sales of 5 million iPhones sold in a weekend is seen as a disappointment by some in the financial community.
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Post by stkstalker on Sept 24, 2012 4:41:52 GMT -8
AAPL badly missed consensus shipments for the weekend - over 5 million vrs 6 to 8 million forecast. Stock down about $15 in the pre-market.
Sucks short term. But there are events and earnings coming which will run the price back up, hopefully by earnings.
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Post by phoebear611 on Sept 24, 2012 4:42:59 GMT -8
iPad - what are the technical levels that are needed to support the stock here?
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Post by artman1033 on Sept 24, 2012 4:43:09 GMT -8
good grief!!!
Even my revised estimates of 6-10 is too high....
I do not think this will be a great day.
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Post by mjuarez on Sept 24, 2012 4:43:18 GMT -8
AAPL badly missed consensus shipments for the weekend - over 5 million vrs 6 to 8 million forecast. Stock down about $15 in the pre-market. Sucks short term. But there events and earnings coming which will run the price back up, hopefully by earnings. Agreed. I think we'll easily be up to $700+ around earnings time. More on expectations on holiday quarter and iPad Mini than on actual results from this quarter.
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Post by phoebear611 on Sept 24, 2012 4:45:59 GMT -8
Scott Redler put out a tweet that it is 5 mln plus the initial 2 mln -- so 7 mln Lots of confusion out there folks - I don't know what is correct or incorrect at this point
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Deleted
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Post by Deleted on Sept 24, 2012 4:47:14 GMT -8
Hmmm....my Q4 iPhone estimate is getting revised to a number closer to 20 million, rather than 30 million.
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