No idea when new stocks will arrive
Apple’s iPhone 11 Pro and 11 Max are disappearing from retail stores – this time due to supply issues appearing after the coronavirus pandemic amid less footfall.
According to KeyBanc Capital Markets analyst John Vinh, Apple’s “iPhone sell-through was adversely impacted by supply issues” due to coronavirus, “particularly on the Pro/Max models and by lower foot traffic in outbreak areas”.
The stores have been running out of iPhones for some weeks now and they have no idea when the new stock will arrive, reports Seeking Alpha. Apple shares were down nearly 5.5 per cent pre-market to $260 on Thursday.
According to a New York Post report last week, wireless retailers have either run out of stock or are running low on iPhone 11 and iPhone 11 Pro models.
“Employees at numerous retail locations around Manhattan contacted by The Post uniformly told the same story of low stock and infrequent shipments,” said the report.
