Apple has solved its iPhone 5 supply problems - just in timeNovember 21, 2012: 8:00 AM ET
Ship times hit 2 weeks Tuesday and a spot check found it at 9 out of 10 of Apple stores
In a note to clients Wednesday, Piper Jaffray's Gene Munster reports that his nightly checks of supplies at 100 Apple Stores showed significant improvement over the past 10 days:
AT&T and Verizon have shown dramatic improvements in availability, while Sprint has maintained consistent availability. Last night, our checks indicated that Sprint phones were in stock at 92% of Apple Stores, AT&T was available at 82% of stores and Verizon at 72% of stores. Additionally, we note that wait times for online phone orders dropped to two weeks as of today.
"We believe," he concludes, "that within the next two weeks that customers will be able to purchase iPhone 5s at Apple Stores same day."
Solving the iPhone 5 supply problem before the holidays was critical for Apple. Last year, iPhones accounted for 53 cents of every dollar Apple earned in its December quarter.