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iPhone demand is Strong !

January 22, 2013

The story that’s terrorized Apple’s stock for the past month is iPhone demand is weak. Apple reportedly cut orders with suppliers in Asia for iPhone screens and other components. While there are many theories about why Apple cut its order, the most popular (however, uninformed) seems to be that iPhone demand is weak.

And yet, something about it doesn’t make sense. "Analysts" have quietly raised holiday quarter iPhone estimates. Why would the analysts increase quarterly estimates, if demand is tanking?

Shaw Wu of Sterne Agee said today that demand is "robust."

Analysts could be wrong, but here’s another piece of evidence to consider. The ChangeWave surveyed 4,061 people in North America questioning their interest in smartphones. 50% of the surveyed sample said they plan to BUY an iPhone in the next 90 days, which is right in line with Apple’s previous demand after a big iPhone launch.

If demand was truly crumbling as some would have you believe, would this chart look like this?

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