Barclays Says Early Shortages But Quick Restock Bodes Well For New Motorola Droid X

Published on July 16, 2010
Channel: Tradethetrend
Category: News & Politics
Source: Youtube

In a note to clients, Barclays research said they believe that Motorola (NYSE:MOT) experienced very strong demand of the DROID X on its opening day yesterday at Verizon. Barclays said that its anecdotal checks, including several articles and the Verizon web site, indicate that Verizon was largely sold out of the device. Barclays also noted that its checks also indicate that most stores are expected to restock as early as next Monday. Verizon was also taking online orders, promising delivery within 24 hours initially but next Friday by the end of the day. Overall, Barclays says that Motorola and Verizon (NYSE:VZ) have put great effort into managing the supply chain as to not limit demand with prolonged stock outs. Barclays expects most consumers are likely to be able to purchase a device in store next week. The Droid X runs on Google's (NASDAQ:GOOG) Android mobile operating system.