Shanghai Sells Out of Apple iPhone (Nasdaq:AAPL)

Ticonderoga continued their China tech tour, focusing on "commercial products such as smartphones, tablets, notebooks, desktop PCs and servers" in Shanghai, and searching for an Apple iPhone (Nasdaq:AAPL), which were completely sold out in the city.

"Today, we visited Apple’s new, flagship store in Shanghai and the iPhone was sold out. The iPhone shortage is inline with our visits to resellers and a carrier earlier in this week. Also, we believe a new MacBook Pro will be released during the March quarter and could include 3G," said Ticonderoga.

Apple closed Thursday at $319.76, down $1.25, or 0.39 percent. Volume was just above half the usual 3-month daily average.