Multi-Fineline Electronix posts high Dec. sales
The performance of Apple suppliers is pointing toward a strong December quarter for the company, analysts indicate. UBS analyst Maynard Um uses the example of Multi-Fineline Electronix, which helps supply flexible printed circuit boards for products like the iPhone and iPad. MFE has posted preliminary net sales of $239 million for the quarter, exceeding a $215 million consensus forecast.
RIM pressuring suppliers
BlackBerry smartphone maker Research In Motion's (RIM) co-CEO Jim Balsillie said the company's growth during the tough economy is allowing it to demand discounts from its suppliers, Bloomberg reported on Monday. The executive says that it's been attempting to mitigate the effects of the financial crunch by trimming the amount spent making the devices themselves. Five of RIM's biggest suppliers make up nearly 90 percent of its production costs, based on data sourced from Connexiti.