Back To 199 Active Rigs In North Dakota -- September 12, 2014

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Apple Hysteria

I get a kick out of this: the Apple website has crashed; the iPhone 6 Plus has sold out; new iPhone records are being set, and AAPL shares have surged .... 24 cents. LOL.

Talk about a) iPhone 6 sales baked into the AAPL share price before the presentation; and, b) folks really, really underestimating what Apple will report this quarter and next.

This is not a investment site. Don't make any financial decisions based on anything you read here or think you may have read here. I have never owned AAPL and have no plans to ever own AAPL. I missed that train.

Yahoo!Finance is reporting:

The iPhone 6 became available for pre-order on Apple's online store Friday morning -- though "available" is a relative term.

Eager customers encountered lengthy delays, and others couldn't even access the website.

Some customers were reporting that the larger iPhone 6 Plus had sold out.

Apple wouldn't comment on that.

Pre-order snafus are commonplace for the iPhone, though they have been minimized in recent years after Apple opened its massive data center in North Carolina. Still, the iPhone 6 is widely anticipated to be the best-selling iPhone of all time, so it's not surprising that demand overwhelmed the company's servers.

Apple critics will say Apple engineered this shortage -- just as they have said every time in the past -- but Apple shipped something like 75 million ahead of time just for this event, and did not include China in the initial release. 

This is simply another Apple story for the ages. I assume Apple does the "release" thing on Fridays so their employees can really look forward to those great TGIF parties. Another huge celebration in Silicon Valley and in North Carolina.

A comment from one observer:

By my own observation, the top-of-the-line 128GB Plus model sold out the quickest. I had the AppleStore App on my iPhone and the Space Grey was sold out at 12:30 AM. A couple of refreshes, mis-clicks, time-outs, the Silver went out later at 12:40. Then the Gold.

I was able to get one thru AT&T with a ship date of October 28.

They seriously under-estimated demand for the top-end model. Plenty of regular 6s and lower GB Pluses. 

A ship date of October 28? Wow. That's well past the 3 - 4 weeks ship date Apple is suggesting.

Another observer notes this ship time:

My ship time through AT&T is showing November.