“Trip Chowdhry of Global Equities Research today writes that the worries about rumored supply-chain cuts in Apple‘s iPhone production are overdone because the cuts pertain to a change of technology, not a change in demand patterns, in his opinion,” Tiernan Ray reports for Barron’s.
“Chowdry, reiterating an Overweight rating on Apple shares and a $650 price target, argues Apple has been shifting from using traditional displays to instead use the emerging semiconductor technology ‘IGZO,’ a compound semiconductor process made up of indium, gallium, and zinc-oxide,” Ray reports. “Sharp Electronics, the pioneer in the technology, talked about it extensively last week at the Consumer Electronics Show in Las Vegas.”
Ray reports, “Chowdhry is convinced by what he saw at CES, and other trade-show events, that Apple is in fact moving to IGZO.”
Read more in the full article here.
MacDailyNews Take: That’s probably too logical an explanation for Wall Street to absorb.
[Thanks to MacDailyNews Reader “JES42” for the heads up.]
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Sharp’s IGZO display production issues forced Apple settle on Plan B for new iPad, says expert – May 7, 2012
Analyst: Retina display production issues persist for Apple iPad – April 23, 2012
Sharp announces production of world’s first IGZO LCD Panels – April 13, 2012
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Foxconn-Sharp partnership likely targeting Apple orders – March 28, 2012
Taiwan Apple supplier Hon Hai becomes Sharp’s largest shareholder with 10% stake – March 28, 2012
Apple to unveil smaller 7.85-inch iPad this year, says anonymous Samsung official – March 13, 2012
Wow, Sharp sure is ramping up IGZO display production for some reason – March 2, 2012
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