“Touchscreen supplier Wintek Corporation revealed on Thursday that its sales in November were up 74 percent month over month, an increase seen as a positive sign for sales of Apple’s iOS devices that is expected to push its stock price higher and offset recent losses,” Sam Oliver reports for AppleInsider.
“Analyst Brian White with Ticonderoga Securities believes Apple is Wintek’s most important customer, and has interpreted the company’s stronger-than-average November as a sign that iPhone 4S sales are particularly strong,” Oliver reports. “He also believes Wintek’s success is an indication that Apple is rebounding from apparently reduced iPad 2 build orders in October, a reduction said to be due to an excess of parts purchased by Apple in the previous quarter.”
Oliver reports, “White sees another catalyst for AAPL stock on the horizon in the forthcoming launch of the iPhone 4S in mainland China. Carrier China Unicom is expected to begin selling the iPhone 4S this month, following government regulatory approval of the device. ‘We expect to see Apple fever on display throughout the country with long lines, stock outs and scuffles,’ he said.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
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