Rodman & Renshaw Reports On Apple's iPhone Supply Chain

According to Rodman & Renshaw, Apple AAPL iPhone supply chain is dotting the i's and cross the t's for the production process to commence to enable the upgraded iPhone to be on the shelves by October. Rodman & Renshaw said that from a supply chain perspective, total iPhone volumes could be up high single digits sequentially to around 22 million units with the upgraded iPhone representing almost quarter of the volume. “Upside to second-half volumes for iPhone/iPad and gross margin leverage should set the stage for continued earnings upside surprise near-term.” Tiffany closed yesterday at $383.58.