So about a week ago my local 02 store were taking reservations for the new iphone. Idea being you turn up on Friday and they have one put aside for you. I just got a call to say that they haven't received enough phones for the reservation list alone, let alone people turning up at stores without reservations. I was told reservations are now void, and to get there early and hope for the best, this applies to all 02 stores. Sounds like stocks are indeed very low.