Apple reducing June-quarter iPhone production?
updated 04:00 pm EDT, Wed June 10, 2009
June iPhone prod. down
Despite planning to launch the iPhone 3GS on June 19th, Apple is actually lowering its June-quarter iPhone production, claims Collins Stewart analyst Ashok Kumar. Citing checks with Hon Hai, one of Apple's manufacturers, Kumar says that production will amount to just 4.6 million units, instead of an anticipated 5.2. A prediction for the September quarter calls for a potentially wide range, between 6.5 and 7.5 million phones.
Apple continues to warrant a Buy rating, but the lowered production may threaten the company's financial future, claims Kumar. Apple stock has been on a constant decline since Monday, losing 82 cents that day, another $1.03 on Tuesday and nearly $4 on Wednesday. Aside from the 3GS, Apple has also introduced a host of new MacBook Pros with cheaper prices, in a bid to spur sales.
hyperbole much?
06/10, 04:08pm reply
Apple continues to warrant a Buy rating, but the lowered production may threaten the company's financial future, claims Kumar.
ZOMG SELL AAPL! SELL SELL SELL!
Apple stock has been on a constant decline since Monday, losing 82 cents that day, another $1.03 on Tuesday and nearly $4 on Wednesday.
ZOMG! AT THIS RATE, AAPL WILL BE WORTHLESS IN 10 WEEKS!!!
climacs
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Joined: Sep 2001
So?
06/10, 04:17pm reply
This sounds like orders for one OEM. That doesn't really definitively show anything about overall production.
njfuzzy
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Joined: Apr 2001
Clearing old inventory?
06/10, 04:45pm reply
Could it be that Apple reduced production of the current 3G units to clear inventory before it started building the 3GS units?
sgirard
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Joined: Aug 2005
Typical
06/10, 07:00pm reply
Sounds like someone's shorted the stock.
gambit-7
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Joined: Feb 2001
Not new inv
06/11, 04:23am reply
Shigard - I'd guess that the 3GS launch order would have been manufactured in May. And for the vast majority of consumers, it's a speedbump rather than a major launch (even the product name suggests that)
JulesLt
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Joined: Jul 2005
My question is
06/11, 07:29am reply
whether Apple has decided to stop making Mac computers and iPods. If iPhone production was cut (I don't believe that to be true based on a $99 iPhone that would increase sales) then Apple is in deep doodoo because none of their other products will sell.
It was only two years ago that the iPhone was introduced and the company was doing well before that time. Now if iPhone sales are cut back, the company is doomed. I really don't get it. I think Foxconn is lying to throw off analysts. They shouldn't even be releasing those figures, anyway.
In NYC, I see so many people using iPod Touchs it's amazing. Teenagers and adults alike.
iphonerulez
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Joined: Nov 2008