toggle

AAPL Stock: 128.54 ( -0.82 )

Printed from http://www.macnn.com

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.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. climacs

    Joined: Dec 1969

    +2

    hyperbole much?

    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!!!

  1. njfuzzy

    Joined: Dec 1969

    +2

    So?

    This sounds like orders for one OEM. That doesn't really definitively show anything about overall production.

  1. sgirard

    Joined: Dec 1969

    +3

    Clearing old inventory?

    Could it be that Apple reduced production of the current 3G units to clear inventory before it started building the 3GS units?

  1. gambit-7

    Joined: Dec 1969

    +3

    Typical

    Sounds like someone's shorted the stock.

  1. JulesLt

    Joined: Dec 1969

    -1

    Not new inv

    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)

  1. iphonerulez

    Joined: Dec 1969

    -1

    My question is

    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.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Advertisement

Recent Reviews

Brother HL-L8250CDN Color Laser Printer

When it comes to selecting a printer, it's not exactly something most people put a lot of thought into. Printers are often touted as ...

Moshi iVisor AG and XT for iPad Air 2

Have you ever tried to put in a screen protector that relies on static to cling to the screen? How many bubbles and wrinkles does it h ...

OmniPlan (OS X, iOS)

We reviewed the Omni Group's most famous Mac software, a To Do app called OmniFocus, back in June 2014, and we were impressed. Some o ...

toggle

Most Commented