Verizon Wireless' (NYSE:VZ) highly anticipated Droid X smartphone from Motorola (NYSE:MOT) is nearly sold out just one day after the smartphone went on sale online and in Verizon stores nationwide. Verizon Wireless spokeswoman Brenda Raney told FierceWireless that the device is either sold out or the inventory is very low in some parts of the country. However, customers can continue to order the smartphone, and the company expects additional devices to ship on or before July 23.
Verizon has scheduled weekly shipments of the device.
Raney said Verizon did its best to forecast sales and arrange the required inventory, but said customers have been very enthusiastic about the launch of the Droid X. Raney added that component shortages are not to blame for the dwindling inventory of the Droid X. Both Verizon's HTC Droid Incredible and Sprint Nextel's (NYSE:S) HTC Evo 4G have been hampered by shortages due to component supply issues.
The Motorola Droid X is Verizon's latest addition to its family of Google Android devices. The Droid X features a 4.3-inch display, HDMI output and an 8-megapixel camera.
Verizon Wireless unveiled the Droid X at a press event in New York City last month. The device sells for $199.99 with a two-year contract and after a $100 mail-in rebate.
No component shortages expected for Verizon's Droid X
Verizon boots up latest Android phone, the Motorola Droid X
Rumor Mill: Verizon leaking Droid X details ahead of launch
HTC Evo shortages may hinder Sprint's 4G lead
Sprint can't get enough HTC Evos
Verizon delays HTC Incredible ship date again