$VZ Tips Investors Off on $AAPL Supply Constraints

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“SAN FRANCISCO (MarketWatch) — Apple Inc.AAPL -1.07% saw its shares fall 1.1% to $637.51 in early trades on Thursday after wireless carrier Verizon VZ +1.27% disclosed “supply constraints” for the iPhone 5 in the September quarter. Verizon reported its own third-quarter results on Thursday morning, noting that it activated a total of 3.1 million iPhones — including about 651,000 units of the iPhone 5. “We had a supply constraints,” Verizon CFO Fran Shammo said on a conference call about the new smartphone, which went on sale on Sept. 21. He added that “we’re not sure where we are going to stand in the fourth quarter with those constraints,” but also said a large portion of customers are also coming to the carrier for the iPhone 4S, the price of which was cut to $99 with a two-year contract upon the launch of the newer iPhone. “