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iPhone 5 supply still stretched

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To those of us who are waiting ... patiently, I might add ... for our iPhone 5s to ship from Apple, it's obvious that the supply of the newest iPhone is constrained. John Paczkowski at AllThingsD reports that many Apple Stores are reporting low inventory of the iPhone 5, and that the online store is still showing a three- to four-week delivery time.

While the supply constraint is just an inconvenience to those of us who had to order the phone after the first day, Wall Street analysts are now lowering their forecasted sales of iPhones as a result. Yesterday, Piper Jaffray's Gene Munster lopped 2.2 million iPhones off of his sales forecast for September of 2012, moving from 27.2 million units down to 25 million.

The news isn't all bad, though. Munster thinks the supply situation should be balanced with demand by the all-important holiday season, so he's keeping with his 49 million unit estimate for the October - December quarter.

Another analyst, Peter Misek from Jefferies, was quoted by AllThingsD as saying "Remember, there are 170 million post paid subscribers coming off contract. That's overwhelming all supply ramps. The demand here is unprecedented."

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