[On Friday] we learned that Sharp may not be able to provide Apple (AAPL â€“ NASDAQ) with enough iPhone displays to keep up with their aggressive launch schedule.
And then thereâ€™s Amazon (AMZN â€“ NASDAQ), which just revealed that itâ€™s sold out of its hot Kindle Fire â€“ and has no announced date when new tablets will be available.
Bottarelli Research Tip: The Kindle Fire represents around 22% of Amazon sales. So, it comes as no shock that this back-order situation is where AMZN shares have stalled (with a Doji or spinning top at the 52-week high). If they canâ€™t put more product into boxes soon, AMZN will drop back to $218.39 in short order.
– Bottarelli Research
Source: Bottarelli Research