AT&T shops to have less than 40 phones each?

Take this with a grain of salt, but AppleInsider is reporting on the findings of WR Hambrecht & Co which surveyed a number of Cingular/AT&T stores.

according to the report:
"[Our] results indicate that the stores do not have reliable color on the timing of when they will have the phone; most stores expect the phone on June 15th or June 22nd, and most expect to only have a few (highest number was 40 at one store) on hand initially," analyst Matthew Kather wrote in a report.

We believe that Apple's strategy will be the same as any new product and they will distribute in advance and retailers won't know the true nature of the inventory until the day the iPhone arrives. A few friends of ours that work at Apple Stores say that many of us Mac fanatics learn about new models before they do.