Yeah, uh, about those so-called iPhone supply chain cuts: Never mind

“At least five top Apple (AAPL) analysts lowered their price targets last weekend based on reports that the company had reduced some parts orders for the iPhone 5 in its Asian supply chain,” Philip Elmer-DeWitt reports for Fortune.

P.E.D. reports, “In a note to clients issued early Tuesday, Topeka’s Brian White took a closer look at those order changes. His conclusion: ‘We believe the doomsday scenarios painted over the past week are inaccurate… We remain comfortable with our iPhone 5 and iPhone 4S forecasts for the December and March quarters, which appear to be conservative. Also, given our research in recent weeks, it is tough for us to ignore the resiliency of iPhone 4S demand as consumers flock to these discounts.”

Read more in the full article here.

MacDailyNews Take: What will the bears invent next to foment AAPL?

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

21 Comments

  1. I think there should be punishment for releasing information that can’t be confirmed to fear the market .
    What is the next bad factor for AAPL ? How about iPhone 5s with larger screen will cannibate the sales of 4 inch screen .
    Lower supply chain may mean iPhone 5s too .

    1. Ahhhh, that would require the SEC to actually do something. Not gonna happen. Getting too much back room pay and not to mention many that run the SEC are former brokers that played the game.

      It’s a big fat joke and us average people are the punch line.

          1. Maybe some day there will be a way to automatically check for spelling errors while you type into a web browser. That would be awesome and eliminate spelling problems completely. And it could be, like, free!

  2. “Oops! So sorry we downgraded Apple due to false information. Actually, we don’t give a damn that we’re screwing with Apple shareholders and potential investors.”

    Apple is being surrounded by false information and speculation and no one can do a thing about it. I’m fairly certain Apple is a prime target for these sort of attacks while other companies are being left untouched from volleys of BS.

  3. This will continue to happen whilst so many avenues exist to make money on Wall Street.
    For instance has the ability to short stocks done anything to help business growth except to make money for a few? When you can profit on a stocks decline it creates too much incentive to move the stock in that most profitable direction.
    Remove these devices that create instability and the stock market will be forced to behave better.

  4. Where are all the get rid of the government cries this morning. We need no government. Government is the problem. Let the bankers alone, shut down the government. Let freedom ring.

    1. Deregulation in some respects have improve economic growth but several aspects have created the instability that we now experience.
      The finance sector is awash with arrogant players who will do anything to make a fast buck. Deregulation has encouraged greater risk taking and more manipulation. It is stifling economic growth now since it creates so much uncertainty.
      You shouldn’t complain about the gov’t intervention. Just look at the bailouts in the last few years. The government saved those companies and without their help many would have been bankrupt. That crisis was all done to the greed to make greater and greater profits and not look at sustainability.

  5. News Flash, People are tired of technology. Throwing ipods,
    iphones and ipads away. Bored to tears with Facebooking.

    Put your money in letterhead and pens. Trust me its a winner!!

    You rich and uncaring broker

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