Apple edges higher as 5S/5C arrive, gold 5S output reportedly upped

|About: Apple Inc. (AAPL)|By:, SA News Editor

After tumbling from Sep. 11-16 following its iPhone launch event and general 5C pricing disappointment, Apple (AAPL +0.8%) has since recovered about half its losses.

In spite of widespread reports of limited 5S supplies, there have been plenty of huge lines at Apple Stores. The 37M iPhones Apple sold in calendar Q4 2011 stands to create a large base of users with expired contracts.

Apple's U.S. online store indicates a 7-10 business day shipping wait time for space grey and silver 5S models. Gold models won't ship until some point in October. International online stores are providing similar wait times.

The WSJ reports Apple has asked suppliers to boost gold 5S production by 1/3 due to stronger-than-expected demand. Hong Kong carriers who do brisk business selling phones to mainland Chinese early adopters have seen especially strong interest.

Up in premarket trading, iPhone/iPad audio codec supplier Cirrus Logic (CRUS -1.7%) is now selling off.