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Strong Buy
Tim Cook (from Monday's Conference Call)Be sure to note Tim's response to Bill Shope's query about iPgone 6 / 6+ Supply and Demand! Bill Shope (Analyst - Goldman): OK, great. And then my second question is, looking at the current supply constraints for the iPhone, could you confirm that your guidance is assuming you'll reach supply-demand balance before the end of the quarter? I think that's what was implied by your commentary on channel inventory. And related to that, could you give us some more color on what you see as the key bottlenecks at this point for supply on the iPhone side? Tim Cook (Chief Executive Officer): Bill, it's Tim. The ramp itself is going great. It's the fastest ever in our history, so I couldn't be happier with it. That said, today, demand is far outstripping supply. It's unclear, looking at the data, when supply will catch up with demand. And so I don't want to leave you with a view that we know that we're going to get to a supply-demand balance on both of the new products this quarter, because I don't know that at this point. It's very difficult to gauge demand without first achieving -- without first finding the balance. And it's clear that, as of today -- and certainly as of the end of the quarter, where you're looking at the data -- we're not nearly balanced. We're not close. We're not on the same planet. |
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Msg # | Subject | Author | Recs | Date Posted |
178088 | Re: Tim Cook (from Monday's Conference Call) | Billy Bilgewasser | 1 | 10/23/2014 11:45:18 AM |