Apple (AAPL) has slashed its iPhone orders by 20%-25% from March quarter levels, claims Sterne...


Apple (AAPL) has slashed its iPhone orders by 20%-25% from March quarter levels, claims Sterne Agee's Shaw Wu after conducting supplier checks. Such a cutback implies FQ3 iPhone sales of just 26M-28M, below Street estimates of 30M-31M. Wu's takeaway: Apple is being conservative in order to handle a demand pause ahead of the next iPhone launch, and to cope with high channel inventory. On the other hand, Wu believes Apple has increased iPad order plans. (also)

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Comments (15)
  • bobbobwhite
    , contributor
    Comments (2134) | Send Message
     
    From being raised in the 50's, i never thought that the social mania of "keeping up with the Joneses" of that time would ever happen again, or be so far surpassed that there would be no comparison in social pervasiveness. That is exactly what the smartphone/iPhone mania is today, as if you are under 40 and do not have the latest one you are nothing better than a social caveman. Just ask my granddaughter.

     

    Thank the Creator, I am well past all that nonsense now.
    15 May 2012, 09:42 AM Reply Like
  • racchole
    , contributor
    Comments (475) | Send Message
     
    Your comment makes sense in a metaphorical sense, but the "social divide" is not as deep as you say. I am 28, and myself and the majority of my close friends do not use social media, yet we are still "social animals" who understand the concepts of being human. Online social media is not a replacement for "socializing," it is just a tool to enhance socializing, and is NOT a requirement for living in the 21st century. I have family members young and old who are high ranking managers of large firms and they too do not indulge in social media, and they operate just fine within the context of the world. While being on the outside of social media may make you feel like a "social caveman," I can assure you that that is your own self-perspective and it is inaccurate.
    15 May 2012, 02:28 PM Reply Like
  • muoio
    , contributor
    Comments (2924) | Send Message
     
    Being conservative? AAPL is absolutely the best forecaster around!

     

    Channel load?

     

    Be very careful.

     

    Good trading.
    15 May 2012, 09:42 AM Reply Like
  • Aaron Ashcraft
    , contributor
    Comments (163) | Send Message
     
    From the minutes of a Monday morning strategy meeting:

     

    "The market looks a bit bearish right now. Nobody will notice if we do a little manipulation. Maybe today we should buy a couple thousand puts on AAPL, publish a bearish report that will hit the street tomorrow, and we can cover the position right away. Agreed? Good. Let's do it!"
    15 May 2012, 09:46 AM Reply Like
  • FAT BANKER
    , contributor
    Comments (1166) | Send Message
     
    Don't Wall street money men love to manipulate and screw everyone else - including the solvency of companies and employees just for there little piggy pile of dung to grow
    15 May 2012, 02:08 PM Reply Like
  • stevemost
    , contributor
    Comments (11) | Send Message
     
    Is Mr. Wu ever correct with his "predictions"? I don't remember if he ever was. Ignore this...
    15 May 2012, 10:01 AM Reply Like
  • who?
    , contributor
    Comments (105) | Send Message
     
    Perhaps iPhone 5 will be announced in June?
    15 May 2012, 10:07 AM Reply Like
  • Minutemen
    , contributor
    Comments (2268) | Send Message
     
    Are you with me Mr. Wu? Are you really just a shadow of the man that I once knew?
    15 May 2012, 10:23 AM Reply Like
  • ManoLive
    , contributor
    Comments (450) | Send Message
     
    Are you crazy, are you high?
    Or just an ordinary guy?
    Have you done all you can do?
    Are you with me doctor?
    15 May 2012, 11:07 AM Reply Like
  • SoCal.Sooner
    , contributor
    Comments (105) | Send Message
     
    I thinking I will wait for my Loewe/Apple TV.
    15 May 2012, 10:25 AM Reply Like
  • Wall Street Smart
    , contributor
    Comments (472) | Send Message
     
    any number above 26 mn would be good as an Ipad number above 17 mn would mean an EPS of about 12.
    15 May 2012, 12:00 PM Reply Like
  • Jax3
    , contributor
    Comments (60) | Send Message
     
    Ho hum
    15 May 2012, 12:31 PM Reply Like
  • Denny_Chasteen
    , contributor
    Comments (688) | Send Message
     
    Oh nevermind, it's just the wind blowing again. For every episode, there is always SOMEBODY who actually thinks Wile E. Coyote will catch the Road Runner:

     

    Watch Video: http://bit.ly/IVEBy2
    15 May 2012, 01:38 PM Reply Like
  • Pwdrskir
    , contributor
    Comments (134) | Send Message
     
    This mimics the same negative output a month before AAPL blew away the earnings numbers.

     

    AAPL
    AppleTV to be introduced by year end (based on product innovation, don't you think this deserves a good, hard look)
    5% of the phone market without China, which is coming on-line
    9% of the PC market
    Looking to sell 500M tablets by 2016
    Looking to increase to 20% presence in businesses by replacing computers w/tablets
    New tablets to be introduced along with a new factory being built
    RIMM & NOK being clobbered and on life-support.

     

    Finally, Silicon Valley investor Roger McNamee made this statement:
    "...what if the iPad is like the iPod market and Apple owns 60% of the market for the long run? We're looking at the biggest hardware company there ever was by a mile."
    http://bit.ly/KsDIQp
    15 May 2012, 02:41 PM Reply Like
  • option man
    , contributor
    Comments (59) | Send Message
     
    This the same thing that happened when iPad 2 to iPad 3 release was coming. They are simply dialing back orders on supply of iPhone 4 to prepare for iPhone 5. Besides, iPhone 5..... Being an all new phone including screen size, probably won't share many parts. Hence, no need to keep up current ordering of parts from suppliers. Besides this, Tim Cook being the supply chain genius that he is..... Would certainly keep enough phones available to meet demand.

     

    I should also say, this similar release of news on iPad 2 orders from suppliers slipping, sent the stock down. Only for it to recover a week later.

     

    Ignore the noise.
    17 May 2012, 12:03 AM Reply Like
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