More on UBS/Apple: Milunovich's iPad forecasts for FQ2-FQ4 are falling by 2M/quarter, and his...
More on UBS/Apple: Milunovich's iPad forecasts for FQ2-FQ4 are falling by 2M/quarter, and his FY13 EPS forecast to $47 from $51.50. If this gloomier assessment pans out, is consumer demand for larger smartphone displays (especially outside the U.S.) partly responsible? And if so, will Apple be driven to finally offer an iPhone with a ~4.5" display? Apple is back to trading at a paltry 7x FY13E EPS, and component suppliers are off again: QCOM -4.6%. CRUS -5.1%. TQNT -3.1%. SWKS -4.7%. AVGO -4.4%. BRCM -3%. OVTI -1.2%. (Wozniak)
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