Apple-iPhone-5-Hand

Apple has experienced a bit of a shortage of supply for the iPhone 5 for a number of reasons. First, it ran into issues with making sure that its manufacturers were paying close enough attention to quality to avoid scuffs before shipment, then there were reports that Foxconn was struggling to build the phone because it was extremely difficult to build. Those kinks have been ironed out, according to a new report from Canaccord Genuity.

The firm said that supply has “dramatically improved” and that Apple had “very strong sales” during the month of November, likely as people begin scooping up the phone ahead of the holiday season. The analytics firm surveyed Sprint, Verizon and AT&T locations in the United States and said it expects Apple to sell 47.5 million iPhones this quarter as it begins offering the device in 50 new countries.

“Bolstered by the iPhone 5, we believe Apple’s industry-leading software ecosystem and integrated hardware experience will lead to a strong multi-year product cycle,” Canaccord Genuity said in the report, according to CNET.

[via CNET]