Seeking Alpha

Samsung (SSNLF.PK) suppliers are lower following reports the company has cut Galaxy S4 orders...

Samsung (SSNLF.PK) suppliers are lower following reports the company has cut Galaxy S4 orders due to soft European/Korean demand, and is trying to lower sales expectations. In addition to Qualcomm, Audience (ADNC -6.5%), Skyworks (SWKS -2.2%), TriQuint (TQNT -1.4%), Universal Display (PANL -1%), and Synaptics (SYNA -5.1%) are off. Assuming the reports are accurate, one unanswered question is how much of the shortfall is due to weak industry demand (Cowen just claimed European smartphone sales are improving), and how much is due to a mix shift to cheaper phones and/or an intensely competitive Android phone market. If it's mostly the latter, some suppliers could still fare well.
Comments (2)
  • Esekla
    , contributor
    Comments (2295) | Send Message
     
    Yes, given that Samsung can sell all the OLED displays it can produce, I don't think this matters much for PANL:

     

    http://bit.ly/13JaHY8

     

    My most recent articles put a 35.17 price target on the stock:

     

    http://seekingalpha.co...

     

    Similarly, this may actually be a positive for companies like RFMD that have new design wins, better price points and a diversified customer base. It's the one-pony shows that need to watch out.
    7 Jun 2013, 11:16 AM Reply Like
  • sidney
    , contributor
    Comments (339) | Send Message
     
    or smd is learning to guide lower to create surprise beats like Apple did for years upon years.
    7 Jun 2013, 03:51 PM Reply Like
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