9/14/2012

AAPL: S&P Believes Many Outlets Sold Out Of iPhone 4S

Standard & Poor’s Scott Kessler this afternoon reiterated a Strong Buy rating on shares of Apple (AAPL), writing that his “channel checks” suggest many of the retail outlets selling Apple’s iPhone 4S sold out of their entire inventory today.

Kessler doesn’t say which outlets he’s referring to, whether those of Apple itself or those of the three carriers Apple’s conscripted to sell the phone, Sprint-Nextel (S), AT&T (T), and Verizon Communications (VZ). In the event, Kessler thinks Apple will have sold “millions” of iPhones when this weekend is all done. Estimates by other analysts have varied from two million to four million units being sold this weekend.

Sprint a short while ago issued a statement saying that today’s sales of the phone were its best day ever for combined sales at retail, over the Web, and via telesales.

Apple shares ended the day up $13.57, or 3%, at $422.

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