Apple iPhone suppliers decline on report orders cut by 50%

“Sharp Corp. (6753) and other Apple (AAPL) Inc. suppliers declined in Asia trading after the Nikkei newswire said orders for iPhone 5 parts had been cut about 50 percent following lower-than-expected sales,” Bloomberg News reports.

“Sharp, which makes display panels for the iPhone 5, fell 2.7 percent to close at 321 yen in Tokyo. Samsung Electronics Co. (005930), which supplies Apple and makes its own competing phones, declined 2.6 percent in Seoul,” Bloomberg News reports. “Speaker-maker AAC Technologies Holdings Inc. (2018) dropped 2.8 percent in Hong Kong.”

MacDailyNews Take: Quote from future future history teachers: “And, so, as you can see from what we’ve covered in this chapter, in the early 2000s, suffice to say, idiocy reigned supreme.”

Bloomberg News reports, “BOCI Research Ltd. analyst Tony Yang in Hong Kong said checks with Apple suppliers failed to produce any signs of ‘a huge iPhone 5 shipment drop.’ Barclays Plc analyst Jones Ku also said there were no indications of a large order cut for speakers made by Shenzhen, China-based AAC. ‘The actual order cut for iPhone 5s in the first quarter is exaggerated,’ Ku said in Hong Kong. ‘The large cut for displays is mainly due to the over-purchase of displays in the fourth quarter.'”

MacDailyNews Take: “And, yet, some intelligent beings did indeed roam the earth, however tortured they may have been.”

Read more in the full article here.


  1. In the history of tech companies has any company be watch more closely than Apple. The sad part truth is most of the stories are mostly gossip with no bases for facts. Why Speculate when the really numbers will be out in the next few days. This is a buying opportunity created by these Gossip mongers.

    1. If you watch cnbc, you would think that everyone you see has a Samsung Galaxy and Microsoft Surface, and the kids are shunning Apple products in favor of those cool new companies Microsoft and Samsung.

    1. Believe it or not both Nokia smartphones and BlackBerries were all the rage a few years ago. Times change. Samsung’s time will also come and go. Apple can afford to wait it out thanks to their cash hoard.

  2. This whole thing smells of market manipulation:
    – Exaggerated rumors of Apples poor performance fly
    – Apple stock tanks
    – Someone, somewhere is buying stock cheap
    – Apple comes out a week later with killer 4th quarter earnings
    – Someone, somewhere made a lot of money
    – Average investor either panicked and sold or got a few extra grey hairs waiting it out.

    1. All those who brought Apple on margin must be cleaned out by now. What normal investor who bought in at $600 wouldn’t be panicking. There’s no end in sight to the bad news being published. Everyone is joining in saying that Apple is done for. What a difference a few months make. Let’s face it, a few months ago most were in agreement that Apple was headed higher to $800. Now Apple is headed towards $400. What happened to Apple in that time? Actually, nothing significant. This is a market driven either by fears or hedge funds. I don’t think any sense can be made out of Apple’s share demise. It’s happened before, so I guess it has happened again. I find it scary but then again I bought most of my shares back in 2004, so I’m still ahead.

  3. Al Gore is on the board of Apple. He just made $100 million selling Current TV to Al-Jazeera. The whole News Corp ecosystem is frothing at the mouth that a Liberal got rich. Apple has board elections now. The WSJ article is widely believed as the major cause of this sell-off panic. FoxBusiness and FoxNews will now be putting out “news” that the most valuable company in the world has Al Gore on the board and are conservative investors fleeing the stock because they don’t want to invest in a company run by, horrors, Liberals? This while Liberal mayors and governors are pulling their investments out of gun manufacturers. This sell-off is, in my opinion, Republicans going crazy for political reasons and proves that Wall Street is just FOS. I think the January 18th buy strategy is an excellent one. The WSJ just lost some of its sheen with this article.

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