iPad Mini in Stock: Apple Inc. (NASDAQ:AAPL) has always been serious about ship times. In other words, the Cupertino-based company strives to get its products in the hands of consumers as soon as possible.
At the beginning of this week, the iPad mini was showing a ship time of one to three business days on the Apple Store website. Although this was not a long period of time, Apple Inc. (NASDAQ:AAPL) was hoping to bump the status up to “in stock.”
Yesterday, the company met this goal. Now, when you visit the iPad mini page on the official store website you are greeted with an “in stock” notice under each and every model.
It was only last month when Apple Inc. (NASDAQ:AAPL) CEO Tim Cook discussed the iPad mini on the company’ quarterly earnings conference call. During this time, he touched on the fact that demand for the smaller device had overrun supply. He also predicted that the company would catch up before the March quarter. Well, it appears that he was dead on with this prediction.
There is no denying the popularity of the Apple Inc. (NASDAQ:AAPL) since being released in October 2012. In fact, the company reported sales of 3 million devices during the first weekend.
It is nice to see that the company has made up so much ground in terms of ship times. Just last month, availability was three to five business days. This eventually decreased to one to three business days, and now stands at an “in stock” status.
For now, it appears that Apple Inc. (NASDAQ:AAPL) has caught up with demand. With that in mind, it will be interesting to see what happens when the next generation iPad mini hits the market – especially if it has Retina display.
What are you thoughts on Apple finally catching up with demand for the iPad mini? Are you surprised they were able to reach this point so quickly?
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DISCLOSURE: I have no positions in any stock mentioned.
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