When the iPhone 5’s opening-weekend sales only reached 5 million units instead of the sky-high estimates some Wall Street analysts’ offered ahead of launch, investors panicked and Apple’s stock took a hit. Some might say the record-setting sales figure is still “epic,” but Apple bulls whose projections overshot actual sales were quick to blame the disparity on supply shortages. Sharp’s display panel production in particular was said to be falling short, but an unnamed company executive on Friday confirmed that it is now producing “adequate volumes” of display panels Reuters says are destined for Apple’s new iPhone. Read the full story at Boy Genius Report.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.