Apple Cuts Shipments of iPhone 5 Screens and Components Due to Weak Sales
Research Driven Investing Provides Stocks Research on STMicroelectronics and Texas Instruments
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/16/13 -- Apple chip supplies fell Monday after reports that weaker-than-expected demand for the iPhone 5 have caused the company to cut orders for iPhone parts. Shares of Apple fell below the $500 mark for the first time since February. Research Driven Investing examines investing opportunities in the Semiconductor Industry and provides equity research on STMicroelectronics N.V. (NYSE: STM) and Texas Instruments Inc. (NASDAQ: TXN).
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The Wall Street Journal, citing "people familiar with the situation", reported that Apple has cut orders of screens and other handset components. Orders of iPhone 5 screens for the January-March quarter have fallen to approximately 50 percent of what Apple had initially planned, according to the WSJ. Samsung, makers of the popular Android-based Galaxy phones, has surpassed Apple as the world's largest smartphone merchant. In the third quarter, Apple was responsible for 14.6 percent of world-wide smartphone shipments, while Samsung's market share grew to 31.3 percent.
"The move indicates that sales of the new iPhone haven't been as strong as previously anticipated and demand may be waning," the WSJ stated.
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STMicroelectronics focuses its product strategy on sense and power technologies, automotive products, and embedded-processing solutions. Apple's iPhone 5 currently uses a gyroscope made by STMicroelectronics. The company is scheduled to release its fourth quarter/full year 2012 earnings after market close on January 30th.
Texas Instruments' chips are used in a wide variety of products, and are the largest producer of analog chips. The iPhone 5 currently uses a touchscreen chip produced by Texas Instruments, according to a teardown completed by iFixit. The company is scheduled to release its fourth quarter 2012 year-end 2012 results after market on Tuesday, January 22th.
Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
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Datum: 16.01.2013 - 07:20 Uhr
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