Deutsche Bank analyst Chris Whitmore is bullish on Apple and points to strong demand for the new iPhone 4S as the main reason behind his optimism.

Whitmore believes apple will sell about 28 million iPhones in the current quarter, what’s more demand shows no signs of letting up. All over the world retailers are simply running out of stock, but the situation is somewhat better when it comes to carriers.

Whitmore’s team rang about 30 retail stores only to learn that Apple’s daily stock-outs are at 85 to 90 percent. Apple retail staff are directing consumers to make online appointments rather than actually come to the shop, but it seems the company is doing a good job restocking the shops overnight.

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