LAS VEGAS--All of a sudden, it has gotten a lot harder to find an iPhone.
A few weeks ago, New York iPhone shoppers noticed that Apple's Manhattan retail stores were running low on iPhones. Gene Munster of Piper Jaffray, during an intermission in his three-part series on why Apple is the coolest ever, called up 20 different Apple stores across the U.S. and confirmed that the shortage extends nationwide. Apple's online store reports a five- to seven-day wait on iPhone shipments.
There's usually a couple of reasons for a product shortage. One, demand is outstripping the … Read more