“Apple will continue its reduced production of iPhones in the April-June period in light of sluggish sales, according to parts suppliers notified of the plan,” Nikkei reports.
“Slow sales of the flagship iPhone 6s and iPhone 6s Plus, which debuted last autumn, have forced Apple to adjust inventories. It lowered production for the January-March quarter by about 30% from the year-earlier period,” Nikkei reports. “With sales still sluggish, the U.S. company has told parts suppliers in Japan and elsewhere that it will maintain the reduced output level in the current quarter.”
“Apple apparently does not plan to produce a large enough volume of the small iPhone SE released last month to offset the slump of its flagship series,” Nikkei reports. “However, should Apple decide to release its next flagship model earlier than the usual September launch, parts production for that smartphone could take off around late May.”
Read more in the full article here.
MacDailyNews Take: “Sluggish sales?” “Slow sales?” Proof? None given by Nikkei. Type “sluggish” again, you deceitful hacks.
It’s déjà vu all over again. When will the markets look at Nikkei‘s history is reporting “slow iPhone sales” ahead of earnings and compare to actual results instead of panicking in knee-jerk fashion to whatever bullshit Nikkei throws out there?
Smart investors learn from history to ignore the bullshit.
Even if a particular data point were factual it would be impossible to accurately interpret the data point as to what it meant for our overall business because the supply chain is very complex and we obviously have multiple sources for things, yields might vary, supply performance can vary. The beginning inventory positions can vary, I mean there is just an inordinate long list of things that would make any single data point not a great proxy for what’s going on. Apple CEO Tim Cook, January 23, 2013
Here’s the replay of events from three years ago (recycled fomenting with a few voices of sanity peppered in here and there):
• Apple manipulated by Wall Street Journal before earnings? – January 22, 2013
• Japan’s Nikkei, The Wall Street Journal blow it, get iPhone demand story all wrong – January 16, 2013
• Did Apple reduce 4-inch Retina display orders due to improving yields? – January 15, 2013
• Analysts: iPhone 5 demand ‘robust;’ ignore the non-news noise – January 15, 2013
• Apple iPhone suppliers decline on report orders cut by 50% – January 15, 2013
• Apple swoon erases $17 billion from stock market – January 14, 2013
• Apple iPhone 5 production cut signaling a new product release? – January 14, 2013
• Apple drops to 11-month low on old reports of component cuts – January 14, 2013
• The strange math of Apple’s alleged massive iPhone 5 component cuts – January 14, 2013
• UBS analysts: Apple iPhone component order reduction ‘old news’ – January 14, 2013
• Apple pulls down U.S. futures – January 14, 2013
• Apple shares drop below $500 after reported cuts in iPhone 5 parts orders – January 14, 2013SEE ALSO:
Top-rated analyst: Apple’s iPhone business is healthy – January 7, 2016
Apple falls for third day as so-called ‘iPhone woes’ trim $40 billion in value – January 7, 2016
Apple stock price tumbles 3% in premarket, now trades well below $100 – January 7, 2016
Apple stock slumps near $100 amid ‘iPhone sales worries’ – January 6, 2016
Wall Street’s freak out over declining iPhone sales is overblown – January 6, 2016
Piper Jaffray: Apple’s iPhone production cut do not necessarily presage sales decline – January 6, 2016
Foxconn plans ‘rare’ holiday as iPhone output fears rattle investors – January 6, 2016
Apple stock price falls on Nikkei report of 30% iPhone production cut – January 5, 2016
This Nikkei nonsense arrives like a bad smell every quarter!
Hey MDN, please consider a bolder, larger font for comments. I can barely read them on mobile device. Thank you.
Earnings on horizon… And manipulators are on the roll
This is a tactics to shake off a weak hands and always works very well.
Spot on MDN!!!! The same BS always from the same cast of “players”….HELLLLLO SEC….is anybody home,,,,,,,is this thing on….!!!???
Just for fun go to Apple.com in CONUS or Hong Kong (HK) and look at the iPhone SE delivery times. Right now today alllll configurations show 2-3 weeks for delivery.
Oh sorry, back to the “dance”….apppple is doooomed….!!!
This was intended to bail out the market makers that were short 89000 April 110 calls, which is where the decline stopped. I dobbt TSM identified Apple as the culprit of their slowdown. They also fab nearly all of QCOM chips.
Play the game, move the market, make some money. The brokers, bankers, and politicians are all in this charade together.
Apple is an easy target with Tim Cook at the helm. They would never pull this sort of crap on Elon Musk or Jeff Bezos. Apple is one of the biggest pushover companies around.
Freakin’ constant troll.
I find that trolling usually occurs when they target successful people or things.
Even parodies or copies occur more often when something is successful.
I think the earthquakes knocked them off their rocker 👎😠
It doesn’t make a difference whether Nikkei knows what it’s talking about or not. Apple stock is probably owned by some of the most timid investors around who have little faith in Tim Cook. Meanwhile, Apple can buy back some more shares if there are coward investors selling off their Apple stock. If you’re only buying Apple for the dividends, then I suppose it’s just another opportunity to get more shares.
I don’t care that the stock is being driven down but I don’t know why investors believe these reports without the slightest bit of proof. That makes no sense to me at all. Thanks to Apple’s slack management the company appears to be vulnerable to all sorts of media attacks. A person would have to be a real diehard fan of Apple to purchase Apple stock.
There doesn’t seem to be much holding up the share price of this stock and I would think any new investors would avoid buying Apple stock based on its flimsy valuation. I’m sure all the analyst target prices will be lowered from now but that comes as no surprise to me. I figured Apple stock isn’t going anywhere this year and this only confirms my suspicions.
Mdn and apple believers sound like a bad record now. I truly hope they are right but I’m starting to lose hope. I don’t give much credence to nikkei but when joined with the last 2 days news of Apple suppliers cutting estimates for latest quarter it seem like January all over again. Yes, one data point might be out of context but when multiple data points tell the same sad story then there is cause for worry. As for iPhone se sell outs, it’s probably because of limited production. Apple is not going to make 10 million phones on the get go to satisfy first few weeks of robust demand followed by tepid demand. January results proved that supply chain info is getting more accurate and is better at prediction than Apple Bulls dreams
“TSMC cut its own 2016 smartphone demand growth forecast to 7 percent from 8 percent previously.” – reality doesn’t sound as dire. Go FUD somewhere else.
I find it amusing that the stock didn’t move in a positive direction based on the rumor about Apple charging for app placement in the App Store, but sells-off 2 percent based on an iPhone production rumor.
If you run the numbers on the app advertising, Apple could make several billion a year from thi. I’m not privy to their model, but if they make $0.01 an app placement view, and have 52 billion views a year (1 billion devices times 1 visit a week to the App Store on average) then they can generate $10.4 billion if there are 20 top spots. I’m guessing the majority of that is profit.
This app placement advertising idea is equivalent to selling 75 million extra iPhones a year at an ASP of $600.
As far as Wall Street is concerned, services don’t count. It’s only hardware that matters and specifically only iPhones. The actual measure that they pay attention to is whatever measure ( such as market share / rate of growth / profit margin / supply chain reports ) that can be interpreted as being on a downward trend.
The goalposts move all the time, especially when the ball is heading directly towards them.