“Apple Inc. shares fell as much as 3 percent in early trading on Monday after an analyst said the iPhone maker was cutting orders from suppliers of parts for its iPad tablet,” Yinka Adegoke reports for Reuters.
“JPMorgan Chase said in the research note out of Asia that several suppliers indicated in the past two weeks that Apple lowered fourth-quarter iPad orders 25 percent,” Adegoke reports. “‘Our understanding is that this is not in preparation for a new model launch,’ said Gokul Hariharan, JP Morgan’s Asia Pacific electronic manufacturing services analyst.”
“The move could result in slower sales for suppliers such as Hon Hai Precision Industry Co, the analyst added,” Adegoke reports. “Concerns for a slowdown in iPad tablet sales come as Amazon.com is expected to unveil its own tablet device rival on Wednesday. One analyst has already described the expected device as a ‘game changer’ that could challenge the iPad.”
Read more in the full article here.
MacDailyNews Take: Neglect to realize and/or mention that Apple has moved some portion of iPad production to Foxconn’s new plant on Brazil while pretending that an unannounced 7-inch Android-based color Kindle is a “threat” to iPad despite Amazon’s “tablet” suffering from the same AppLack™, security issues, tiny-screen usability problems, etc. and maybe we’ll get a “sale” on AAPL before earnings are released on October 18th.
It’s enough to inspire us to ruin a classic song. Here’s a bit of “Manipulation” (sung to the music of “Anticipation” by Carly Simon):
Manipulation, manipulation
Is makin’ dupes sell
Is keepin’ us rich(These are the good old days)
And stay right here ’cause these are the good old days
(These are the good old days)
(These are the good old days)
(These are the good old days)
(These are…..the good old days)Wall Street is a game. Play it well (and don’t look gift horses in the mouth.)
Related articles:
There are no iPad cuts; some production has moved to Brazil – September 26, 2011
Analyst: Apple reduces iPad 2 orders by 25%, could drop price – September 26, 2011
Analysts claim Amazon’s tablet will be serious challenge to Apple’s iPad – September 26, 2011
Foxconn begins Apple iPad assembly in Brazil – September 14, 2011
Brazil’s president slashes taxes to lure iPad production jobs – May 18, 2011
Foxconn to assemble Apple iPhones and iPads in Brazil; Mac production a future possibility – May 3, 2011
I’m not a cynical person but some of these “analysts” must be paid to say these bizarre comments.
+1
Understatement of the year.
The thing is, it will be Amazon which will drop in stock price once the “iPad killer” Kindle is released and everyone realizes it’s just a color Kindle with a better screen running Android so Amazon didn’t have to develop its own OS.
You’re very right. This is actually a step down from the Kindle. The few things the Kindle had going for it was the e-ink and a closed OS. These two things gave it amazing battery life and made it fairly secure. Neither of these was enough for me to choose a Kindle over an iPad because I want a more full featured device. However, I’m most assuredly not going to choose their crappy tablet that has none of the kindle advantages and all the android tablet disadvantages.
MDN is correct.
This is total FUD.
Over and over, Wall Street misinterprets Apple news and MDN gets it right. For all its partisan posture, MDN’s takes are some of the most accurate predictors I’ve ever seen.
m159,
I couldn’t agree with you more. While MDN’s opinions are admittedly pro Apple, their facts and predictions are far more accurate than anyone else I’ve read. MDN’s criticisms on Apple are usually on the nail as well.
From the way-back machine:
Your investor’s edge is not something you get from Wall Street experts. It’s something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.
– peter lynch
Agreed! And very well stated.
Wall Street doesn’t “misinterpret” Apple news, it manipulates it. Although the analysts who reported a 25% drop in orders in China weren’t lying, they also weren’t telling the whole truth since some production was shifting to Brazil. Those put options they picked up today before they issued their report are going to pay off once the stock bounces back tomorrow. FUD Wall Street! Mother FUDsters!
Two sources you never, ever, believe are DigiTimes and Reuters. They spread Apple FUD.
Yeah,this article is a bit silly. Ok, it’s stupid. Alright it sucks!
Damn, now I want some ketchup.
More FUD!!!!
How many poor fools get suckered repeatedly by the exact se bullshit.
Fabled slow down with zero factual basis and/or rehashed failed to compete product that will all of a sudden be a “killer”
You’d have to be a retard to sell on that kind of intel the first time this FUD rolled around. I don’t think there’s a word on the English language for a fool who falls for the 5th or 6th time this exact FUD template has rolled around.
How many iPad killers are going to be proclaimed at a loss before people get it through their thick skulls that maybe they should count Apple out because of results and not predictions? iPad killer…..yeah right!!!!
the only device that will drive down the sales of the iPad2 is the
iPad 3, and that only until the 2s are completely gone.
Just look at it as an opportunity to buy at under $400… Won’t happen again…. Buy now…. Just increased my position… Thanks analysts…. Keep duping those that don’t know for the benefit of those that do…,what needs to be learned is the rules of the game can’t be changed as easily aslearning them and using to your advantage…. Of course it’s not right for analysts to manipulate stock prices…. But you think bitching is going to change anything…. Learn the game a nd play it to YOUR advantage…. This life lesson is valid in all of life’s “games”…
So analysts are picking the Amazon tablet to hurt iPad sales, I suppose. If there was going to be a slowdown of the entire tablet sector then Amazon’s share price should have dropped, too. Of course, it didn’t, it went up nicely. For every iPad that Apple doesn’t sell, are analysts thinking consumers will purchase a $250 color Kindle, instead of an iPad. That’s exactly how it looks. Analysts are backing a device that they haven’t seen or reviewed nor has one consumer purchased one. It smells mighty fishy to me. Apple’s current share price is well below analysts’ median price so a pull back in iPad sales shouldn’t amount to anything. Besides, the iPhone 5 could do exceptionally well or is that already baked into the share price.
Dear Apple investors,
Please stop being stupid. Wait until you hear from credible sources about Apple corporate information.
There is no reason to panic over something like that.
Geebus.
Dear Apple investors,
Wait until the FUD drops the price then pick up a bunch of shares at a good price. Take advantage to improve your own position wile quietly laughing at the dummies who sell.
THIS IS HILARIOUS:
“Amazon.com is expected to unveil its own tablet device rival on Wednesday. One analyst has already described the expected device as a ‘game changer’ that could challenge the iPad.”
That ‘analyst’ is going to be a laughing stock. I can hardly wait for the fallout on Wednesday once everyone gets a load of the latest so-called ‘iPad Killer’. Déja vu all over again! TechTardiness abounds. 😯