“Following the quake in northern Japan, mighty Apple’s shares fell. Investors and analysts worried that the supply chain behind iPads and iPhones might have taken serious damage from the disaster,” Anders Bylund writes for The Motley Fool. “That, in turn, would lead to lower sales of said gadgets.”
“I’m here to tell you that those worries got a bit out of hand. Between the market close on Monday and the closing bell on Wednesday, Apple lost some 6.9% of its market value. That’s nearly $22 billion in market cap going up in smoke,” Bylund writes. “It ain’t all that bad, folks.”
MacDailyNews Take: Shhh! Anders must really hate buying opportunities.
Bylund continues, “The two components mentioned most often as pain points in the Japanese part of Apple’s supply chain are flash chips, for which Toshiba fulfills about 35% of global needs, and the more esoteric BT resin, for which Mitshubishi Gas Chemical and Japanese rivals reportedly control 90% of the world’s supply. Let’s attac[k] these concerns one at a time.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]