Apple Cuts Q1 iPhone Orders By 10 Million Units?

Apple Cuts Q1 iPhone Orders By 10 Million Units?

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Over the past 24-48 hours Apple has reportedly made large cuts to its orders with iPhone component suppliers leading to another big dip in the company's stock.

Forbes reports that UBS analyst Steve Milunovich has trimmed his estimates and price targets for Apple and Jefferies analyst Peter Misek has cut his gross margin forecast for the December quarter to 39% from 40% and cut his forecast for Q1 shipments.

In a research note, Misek says that iPhone component suppliers “have seen large order cuts” over the last 24-48 hours and that “assembly execution issues are taking longer to resolve than expected.” He also said that component suppliers have had their Q1 iPhone orders cut to 25-30 million from 35-40 million mostly due to component over-build in this quarter.

Misek is predicting 53 million iPhones sold for the December quarter and has dropped his March quarter prediction to 48 million units from 52 million.

Apple was down to close the day at $509.79.

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Apple Cuts Q1 iPhone Orders By 10 Million Units?

Apple Cuts Q1 iPhone Orders By 10 Million Units?
lk - December 16, 2012 at 2:30pm
i suspect most of this report is the usual inaccurate irresponsible reporting to move a stock. I wish it were illegal ....
sinnlos - December 16, 2012 at 9:45am
If... the iPhone 5 was available to purchase unlocked, and for a more reasonable cost, the carriers and Apple would see improved sales, instead, there are more restrictions, and most smartphone buyer's don't want to be told "how" to use their device, especially since the initial cost is prohibitive for most people.
Fucqran John - December 15, 2012 at 11:20pm
Apple thinking they can always fool the people. This is the sign of decline. Around 200$ down in the share after launching iPhone 5. First real device after legend Steve. Tim cokc really doesn't have cokc. ROFL.
Billy Bob - December 15, 2012 at 3:20pm
People dont like bullies .. and apple are a bully company .. people are not so stupid as Apple think ... people know what they want from their phonmes .. and they dont need Apple to tell them ...
Attitude1 - December 15, 2012 at 7:58am
Thats why Steve Jobs was so far from good. He focus on products, not share price. He fucked care the board of directors, as he is Steve Jobs. He knew rumours & speculations will do more harm than good to Apple, so he stops these. I'm really worried Apple will fall one day as I don't see Tim Cook can manage the way Apple was during Jobs era.
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