“Wall St. is absolutely smashing Apple, with the stock dropping down to sub-$500 levels not seen since last February,” Heisler reports. “And as one would expect, some analysts are now lowering their iPhone 5 sales estimates as well.”
Heisler reports, “But not everyone is buying into the sky is falling mentality as it pertains to iPhone 5 sales. One of the more interesting threads is that Apple’s iPhone 5 display orders were scaled back because yields are improving. So says JP Morgan analyst Mark Moskowitz… ‘In our view, the potential order cuts are a direct result of manufacturing yields improving following the fast-and-furious product roll-outs of the iPhone 5 as well as new iPads and Macs,’ Moskowitz explained in a note to investors.”
Read more in the full article here.
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