“With persistent rumors of a new iPhone, smaller iPad and new iPods set to launch soon, Apple saw its prepayment for inventory components increase by $1.15 billion sequentially in the June quarter,” Neil Hughes reports for AppleInsider.
“Apple’s increasing expenses were revealed in the company’s 10-Q filing and highlighted on Monday by analyst Maynard Um with Wells Fargo Securities,” Hughes reports. “Growing by $1.15 billion, prepayment for components reached 12.6 percent of Apple’s total sales, which he noted is the highest level seen by Apple in the last four years.”
Hughes reports, “Um said the growth in expenses is a strong sign that Apple is securing component supplies ahead of potentially multiple product launches. He noted that historically, Apple’s increases in inventory component prepayments have been followed by what Um called “a solid ramp-up in revenue” in the proceeding two or three quarters.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
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