Apple Reduces Orders for iPhone Components Due to Weaker-Than-Expected Sales
Research Driven Investing Provides Stocks Research on SanDisk and NXP Semiconductors
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 01/17/13 -- 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 SanDisk Corporation (NASDAQ: SNDK) and NXP Semiconductors NV (NASDAQ: NXPI).
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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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According to a teardown completed by IHS iSuppli, the iPhone 5 contained a NAND flash memory chip supplied by Sandisk. Samsung had previously been the NAND supplier for the iPhone 4S. SanDisk is scheduled to release its fourth quarter and year-end 2012 results after market close on January 23rd.
NXP Semiconductors is a global semiconductor company with operations in more than 25 countries, the company posted revenues of $4.2 billion in 2011. NXP supplies an interface chip used in the iPhone 5, according to IHS iSuppli's teardown. The company is scheduled to release its fourth quarter and full-year 2012 results after market close on Thursday, January 31st.
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: 17.01.2013 - 07:20 Uhr
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