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Smartphone vendors Samsung, Huawei, ZTE, HTC, Nokia, and Research In Motion have slashed...
Smartphone vendors Samsung, Huawei, ZTE, HTC, Nokia, and Research In Motion have slashed component orders by 5%-20% due to "an unexpected slowdown in smartphone sales," believes Jefferies' Peter Misek after conducting supply chain checks. If true, that's a negative for both phone and component vendors. Separately, Raymond James' Tavis McCourt is cutting estimates for Qualcomm (QCOM) on a belief 2Q/3Q phone volumes "could be flattish from 1Q levels." (also)
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