The latest news shows that shares of Apple were down more
than 25% last month from a September high of $705.07 as investors began to
panic about Apple’s future. The stock has bounced back slightly since late
November, however a new report questioning Apple’s biggest money-earner could
sour investor sentiment yet again.
The analyst trimmed Apple’s iPhone sales estimates
by 5 million units this fiscal year, and iPad sales estimates
were cut by 2 million units. But the most alarming part of his note comes in
the form of an observation from his supply chain sources.
“Some of our Chinese sources do not expect
the iPhone5 to do as well as the iPhone 4S,”
Millunovich wrote.
The UBS analyst sees iPhone production
dropping to 25 million units in the first calendar quarter next year, which
doesn’t bode well at all for June-quarter sales. Apple could get an early
pick-up in 2013, however, as earlier reports suggest Apple might launch a
refreshed iPhone5S next summer.
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