Seeking Alpha

Apple suppliers haven't responded well to Jefferies' note about high iPhone channel inventories,...

Apple suppliers haven't responded well to Jefferies' note about high iPhone channel inventories, build order cuts, app processor production cuts, and memory reallocations. CRUS -4.4%. OVTI -5.7%. SWKS -3.5%. RFMD -3.5%. STM -3.9%. NTE -4.6%. NXPI -5.4%. InvenSense (INVN -7.4%), which isn't yet an Apple supplier but is expected to be one soon, is also off sharply.
Comments (6)
  • Philip Marlowe
    , contributor
    Comments (1161) | Send Message
     
    This is completely idiotic. Most of those sell as much into the android channel as into Apple.
    24 Jun 2013, 01:41 PM Reply Like
  • u01bsb0
    , contributor
    Comments (670) | Send Message
     
    I thought these continuous news stories about iphone cuts would at least stop after 6 months..
    24 Jun 2013, 03:09 PM Reply Like
  • Dantes_Will
    , contributor
    Comments (379) | Send Message
     
    If Apple isn't selling as many iphone 5's as projected, Samsung has to cut their Galaxy S4 orders, and BBRY is seeing lackluster adoption of BB10, then who's gaining in the Smartphone wars?
    24 Jun 2013, 04:12 PM Reply Like
  • Philip Marlowe
    , contributor
    Comments (1161) | Send Message
     
    Mostly Chinese makers manufacturing cheaper smartphones. Nevertheless most of the above stocks cell into those chinese makers. Really the only company from the above that actually deserves a sell off is CRUS, because they have not been able to place their products within the android ecology.
    24 Jun 2013, 04:20 PM Reply Like
  • ReligiousWacko
    , contributor
    Comments (1331) | Send Message
     
    replacement cycle is also longer in developed markets. When smartphones first hit, many upgraded annually. Now, every 2 yrs is much more the norm.
    24 Jun 2013, 08:23 PM Reply Like
  • NumZie
    , contributor
    Comments (20) | Send Message
     
    Come on...$NTE is falling almost daily. Noone knows how they are doing and they don't tell anything
    24 Jun 2013, 04:17 PM Reply Like
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