Verizon Wireless CEO McAdam says Droid Incredible sales hurt by component shortages

Verizon Wireless CEO Lowell McAdam had plenty to say at the Reuters Global Technology Summit. He said that shortages for some components-like the screens made by Samsung-are hurting sales of the hugely popular HTC Droid Incredible. 100,000 units sold in the first two days after launch, but sales of the device are restricted to online orders because of the part shortage. Every time inventory of the Droid Incredible makes it to a store, it is immediately sold out."When a shipment gets to a store now, it's gone in a matter of hours," said McAdam, "We've had to pull way back...Right now supply is a big problem." And while the Motorola DROID remains a very popular phone, the exec says that the Droid Incredible would "definitely outsell" the DROID if not for the component shortages.

Verizon is also hard at work building out its 4G LTE network. By the end of the year, the carrier is expected to have 25-30 markets ready for the next generation network, covering 100 million people including New York. McAdam feels that Verizon has an 18 to 24 month head start on other LTE providers-like AT&T. Also in the pipelines for Big Red are Android powered tablets that will be available in the second half of the year and are
designed to compete with Apple's iPad. Originally to be sold for use on Verizon's CDMA network, buyers will be able to upgrade them to LTE where the speeds are fast enough to download a feature film in under a minute. McAdam said he will demonstrate the first LTE tablets and phones at the Consumer Electronics Show in January. By the end of 2013, the carrier hopes to have LTE coverage for its entire network.

HTC Droid Incredible Specifications | Review
Motorola DROID Specifications | Review

source: MSNBC