“UBS analysts are out Monday with a note commenting on reports Apple has cut component orders for its iPhone 5 model,” Tom Bemis reports for MarketWatch.
“Analysts Steven Milunovich, Peter Christiansen and John Roy cited Monday’s report in The Wall Street Journal,” Bemis reports. “‘The article says Apple notified suppliers of the cut last month, which is when we and most of the Street reported it. Consequently, it appears this is old news — our analysts indicate no changes since,’ the UBS analysts wrote.”
Read more in the full article here.
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