“Dialog Semiconductor this week cut its December quarter guidance by 11 percent compared to prior guidance,” Neil Hughes reports for AppleInsider. “That led some investors to speculate that the cuts could be related to lower-than-expected iPhone sales.”
“Analyst Gene Munster of Piper Jaffray doesn’t share those concerns, however,” Hughes reports. “He issued a note to investors saying that he sees little risk to Apple’s own December quarter.
Apple has previously said, and we would agree, that individual component suppliers are not indicative of the health of the overall iPhone business. — Piper Jaffray analyst Gene Munster
“Regardless of any current supplier maneuvering, the performance of the iPhone 6s product cycle may not mean as much for Apple on Wall Street in the long run, Munster said,” Hughes reports. “Feedback he’s heard from investors appears focused on whether the iPhone can continue to grow with an anticipated redesign in 2016.”
Read more in the full article here.
MacDailyNews Take: We remarked yesterday about the Dialog Semi warning with the following quote:
Even if a particular data point were factual it would be impossible to accurately interpret the data point as to what it meant for our overall business because the supply chain is very complex and we obviously have multiple sources for things, yields might vary, supply performance can vary. The beginning inventory positions can vary, I mean there is just an inordinate long list of things that would make any single data point not a great proxy for what’s going on. Apple CEO Tim Cook, January 23, 2013
Clear-eyed Apple investors can see the forest for the trees.
Apple stock slumps on Dialog Semi warning – December 15, 2015