“Sharp Corp. (6753) and other Apple (AAPL) Inc. suppliers declined in Asia trading after the Nikkei newswire said orders for iPhone 5 parts had been cut about 50 percent following lower-than-expected sales,” Bloomberg News reports.

“Sharp, which makes display panels for the iPhone 5, fell 2.7 percent to close at 321 yen in Tokyo. Samsung Electronics Co. (005930), which supplies Apple and makes its own competing phones, declined 2.6 percent in Seoul,” Bloomberg News reports. “Speaker-maker AAC Technologies Holdings Inc. (2018) dropped 2.8 percent in Hong Kong.”

MacDailyNews Take: Quote from future future history teachers: “And, so, as you can see from what we’ve covered in this chapter, in the early 2000s, suffice to say, idiocy reigned supreme.”

Bloomberg News reports, “BOCI Research Ltd. analyst Tony Yang in Hong Kong said checks with Apple suppliers failed to produce any signs of ‘a huge iPhone 5 shipment drop.’ Barclays Plc analyst Jones Ku also said there were no indications of a large order cut for speakers made by Shenzhen, China-based AAC. ‘The actual order cut for iPhone 5s in the first quarter is exaggerated,’ Ku said in Hong Kong. ‘The large cut for displays is mainly due to the over-purchase of displays in the fourth quarter.'”

MacDailyNews Take: “And, yet, some intelligent beings did indeed roam the earth, however tortured they may have been.”

Read more in the full article here.