Apple Cuts iPhone Part Orders Due to Low Demand

[Prestidigitweeze]

Normally, I wouldn't add to the plethora of Apple threads, but this item seemed rather telling:

Apple Cuts Orders of iPhone Parts following Low Demand

Source: WSJ

[fjtorres]

If the rumors are true, they suggest that the phone isn't selling as well as Apple anticipated—or, more unlikely, that its plans are changing.

Start with a rumor, infer bad news, deprecate a reasonable alternative and, Voila! Instant click-bait.

The modern WSJ at work.

They probably sourced with a Digitimes report to boot.

(Didn't we just hear that Apple was expanding iPhone sales in China?)

[elcreative]

Originally Posted by fjtorres

Start with a rumor, infer bad news, deprecate a reasonable alternative and, Voila! Instant click-bait.

The modern WSJ at work.

They probably sourced with a Digitimes report to boot.

(Didn't we just hear that Apple was expanding iPhone sales in China?)

So true... "Citing "people familiar with the situation", the Journal claims..." is a really solid attribution...

Well, to be fair, sources who are close to the iPhone front say they dispute these comments as invention (attributed to a couple of iPhone owners - nobody closer)...

Now we have Gizmodo quoting WSJ... so who's next and going to cite multiple sources in the know...

[fjtorres]

Originally Posted by elcreative

Now we have Gizmodo quoting WSJ... so who's next and going to cite multiple sources in the know...

CNET.
http://news.cnet.com/8301-13579_3-57...n-weak-demand/

Who, interestingly enough, also report this:

http://news.cnet.com/8301-13579_3-57563792-37/apple-shares-slip-toward-$500-on-iphone-5-demand-worries/

Apple's investors are unloading shares over news that the company has cut iPhone 5 component orders in half due to weaker-than-expected demand for its new smartphone. That came just weeks after UBS analyst Steven Milunovich cut his iPhone sales estimates by 5 million units in three 2013 quarters, saying that Apple would face increasing trouble selling both its smartphones and tablets.

I wonder if somebody is making a killing shorting Apple stock.
At $500-plus, even a 3% drop is going to be good money for rumormongers.

[elcreative]

Originally Posted by fjtorres

CNET.
http://news.cnet.com/8301-13579_3-57...n-weak-demand/

Who interestingly enough, also report this:

http://news.cnet.com/8301-13579_3-57563792-37/apple-shares-slip-toward-$500-on-iphone-5-demand-worries/



I wonder if somebody is making a killing shorting Apple stock.
At $500-plus, even a 3% drop is going to be good money for rumormongers.

Yay... internet self-cannibalization continues... cnet quote, "...sources tell The Wall Street Journal." says cnet basing their story on WSJ...

[Prestidigitweeze]

I was curious to see how MR members might feel about the post-Murdochian WSJ -- provided the subject was not politicized (and therefore too charged for these forums).

Additional reactions would be even more illuminating.

Giz is often accused of being composed of Apple cheerleaders, so their repost of the WSJ item itself seemed a telling development.

[PatNY]

I don't think Tim Cook & Co. are laughing very much over this. The info appears to be legit. The sources seem to be coming out of Japan, directly from Apple's LCD manufacturers -- Sharp, LG, and Japan Display:

The iPhone maker has almost halved its order of liquid-crystal display panels from key suppliers, according to the Japanese newspaper the Nikkei.

Apple has told three suppliers, Japan Display, Sharp and LG Display, that it requires fewer screens, after previously requesting as many as 65 million units for the January to March quarter. Japan Display’s plant in Nomi, a key iPhone supplier, is expected to reduce output temporarily by between 70% and 80%, compared with the October to December period.

http://www.independent.co.uk/news/bu...s-8450969.html

This could be a temporary blip for Apple, but it could also be part of a continuing trend in the growing dominance of Android/Samsung.

--Pat

[afv011]

You know what they say, where there's smoke ...

[forsooth]

Originally Posted by afv011

You know what they say, where there's smoke ...

Idioms are difficult part of language

we have saying in my field

the vein of gold is thick, rich, and goes forever until stop

[Fbone]

I was watching an analyst on CNBC telling us because they only sold 50 million iPhones in the 4th quarter investors are shorting the stock.

[SeaKing]

Originally Posted by Fbone

I was watching an analyst on CNBC telling us because they only sold 50 million iPhones in the 4th quarter investors are shorting the stock.

How does that number compare to previous years?

[Tacty]

Originally Posted by SeaKing

How does that number compare to previous years?

i dont know, but as far as i can tell, they were expecting to sell around 250 millions of iphone 5...it looks like mission impossible right now...

[David Munch]

Could be a nasty case of stock manipulation.

[murraypaul]

Originally Posted by Fbone

I was watching an analyst on CNBC telling us because they only sold 50 million iPhones in the 4th quarter investors are shorting the stock.

50 million would make it Apple's best quarter ever for iPhone sales.
Last quarter they sold 26.9 million iPhones. The best quarter was 2012Q1 with 37 million.
(The next figures released will be Apple's 2013Q1, their 2012Q4 ended in October.)

[murraypaul]

Originally Posted by Tacty

i dont know, but as far as i can tell, they were expecting to sell around 250 millions of iphone 5...it looks like mission impossible right now...

Where on earth did you get that number from?
They passed 250 million total iPhones ever sold around 2012Q3, after five years of sales, you expected them to do the same sales in 1 quarter?