A Commercial Times report that Apple is cutting orders for the iPhone 4S is "without merit," according to UBS analyst Maynard Um. "Our recent checks indicate that iPhone 4S is still selling out & experiencing 1-2 wk waits for online orders w/ demand also driven by accelerated carrier/country launches," he writes in a new memo. "We also note various Apple suppliers have very recently indicated strength into C4Q [calendar fourth quarter], which would be counter to weakening demand. Potential catalysts into 1H12 include China [carrier] announcements."
