iPad Mini SOLD OUT at NYC Flagship Store, Topeka Notes (AAPL)
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Price: $315.32 -0.28%
Rating Summary:
45 Buy, 29 Hold, 7 Sell
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Today's Overall Ratings:
Up: 14 | Down: 11 | New: 17
Rating Summary:
45 Buy, 29 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 11 | New: 17
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While there have been varying reports about the success of the launch of Apple (NASDAQ: AAPL) iPad mini, analysts at Topeka Capital note that the NYC flagship store is sold out. A great testament considering the power outages and damage from Hurricane Sandy.
"We are at Apple's flagship Fifth Avenue store in New York City and our checks now indicate that all of the White & Silver iPad mini models are sold out versus the two models we discussed earlier this morning," analyst Brian While notes. "Additionally, we now have initial indications that all of the Black & Slate models are now sold out."
"We believe these early stock outs are driven by the combination of strong demand, combined with a shortage of supply due to the constraints we discussed during our recent Asia Technology Tour."
White also notes no more iPad mini shipments are expected at this store today.
The analyst has a Buy rating and price target of $1,111 on Apple
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $596.54 yesterday.
"We are at Apple's flagship Fifth Avenue store in New York City and our checks now indicate that all of the White & Silver iPad mini models are sold out versus the two models we discussed earlier this morning," analyst Brian While notes. "Additionally, we now have initial indications that all of the Black & Slate models are now sold out."
"We believe these early stock outs are driven by the combination of strong demand, combined with a shortage of supply due to the constraints we discussed during our recent Asia Technology Tour."
White also notes no more iPad mini shipments are expected at this store today.
The analyst has a Buy rating and price target of $1,111 on Apple
For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.
Shares of Apple closed at $596.54 yesterday.
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