JPMorgan analyst Moskowitz: Report of Apple iPad cuts by JPMorgan Asia staff not view of U.S. team

“JPMorgan Chase & Co. (JPM) analyst Mark Moskowitz said an earlier report on Apple Inc. (AAPL) from his colleagues in Asia doesn’t represent the views of the U.S. team, and that ‘Apple is fine,'” Adam Satariano reports for Bloomberg.

“According to the earlier report, Apple is cutting orders to vendors in the supply chain for its iPad,” Satariano reports. “That report ‘has the equity markets worried about Apple,’ Moskowitz wrote today. The report authored by Gokul Hariharan ‘focuses on how Hon Hai could be impacted by potential iPad sell-in order cuts. This alert is not the view of the U.S. IT hardware team.'”

Read more in the full article here.

MacDailyNews Take: Walking it back well after the desired result damage is done?

[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]

Related articles:
Deutsche Bank ups Apple price target to $530, says iPad production doing well – September 26, 2011
Apple falls below $400 on report of iPad supply slowdown; Amazon ‘iPad killer’ – September 26, 2011
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

7 Comments

    1. Since when have traders been honorable?
      PS- Wall Street does have federal oversight: the SEC. And, yes, they should investigate the ongoing manipulation of APPL, if they are not already doing so.

      1. The SEC doesn’t even know how to keep up on prosecuting the laws on the books much less adapting the existing laws to close vast loopholes to fuck people out of trades.

  1. The moral of the story is don’t leverage yourself so much you are forced to sell, then take advantage of the big boys manipulation. Can’t beat em join em. Anyone who follows apple knows this tired old pattern.Should it be illegal yes, is it? Probably, but the SEC is clueless even when whistle blowers hand them their cases on silver platters. Just look at Bernie

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