Tuesday, December 25, 2012

Motorola: Most Verizon Stores Reportedly Sold Out On Droid X

Most Verizon Wireless (VZ, VOD) stores are already sold out on the new Motorola (MOT) Droid X, according to Gleacher & Co. analyst Mark McKechnie.

In a research note, the analyst writes that he called 20 Verizon outlets late last week, and found the phone was “sold out virtually everywhere.” On the other hand, you can order it online from Verizon, and have it delivered by July 27.

“We are encouraged by positive early feedback, strong initial demand, and general acceptance of MOT’s Droid X,” he writes. “Our first weekend checks, along with expectations for a Droid 2 follow-on for the holidays, increase our confidence that MOT can meet or exceed its 12-14 million unit target for Androids in CY 2010 with break-even performance by Q4.”

MOT today is up 37 cents, or 4.9%, to $7.87.

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