Boxbreaking iPhones caused low running stocks

The low running iPhone stocks are the result of high demand for the devices, fuelled by boxbraking, Apple’s CFO Peter Oppenheimer has reportedly admitted. Apple had overestimated the decline in demand in the post Christmas period. Instead, sales of the devices continued at high fuelled by unlocked iPhones being transported outside the US.

No precise figure for the number of unlocked iPhones was given, but Oppenheimer admitted it was significant.