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Piper Jaffray expects 3G iPhone mid-June

updated 11:05 am EDT, Mon May 12, 2008

Piper Jaffray on 3G iPhone

Investment firm Piper Jaffray on Monday released a note saying it expects a 3G iPhone by mid-June, based on an almost complete drought of current generation iPhone stock. The note mentions that out of 11 US stores, only six had stock of the iPhone, five of which had more than five units. The lack of stock is also reflected in the UK, with O2 saying the device is unavailable, while the US Apple Store changed availability to "Currently Unavailable".

Senior analyst Gene Munster also notes the widely circulated rumors that the new iPhone will feature a new black design, as well as the new iPhone operating system, SDK, and App Store.

Piper Jaffray also says that despite a slowdown in May - due to unavailability - would be offset in June as the new model ships. Munster maintains that Apple will see 1.7 million units sold for the June quarter.

by MacNN Staff



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