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H-P (HPQ -1%), rather than Apple (AAPL -1.9%), might be to blame for Foxconn's hiring freeze,...

H-P (HPQ -1%), rather than Apple (AAPL -1.9%), might be to blame for Foxconn's hiring freeze, thinks UBS' Steve Milunovich. Milunovich, among the first to report of a major drop in iPhone build rates for the March quarter (a report vindicated by Apple's FQ2 guidance) says his sources indicate nothing has changed. Meanwhile, Jefferies' Peter Misek (previous) claims FQ2 iPhone build orders have fallen to just 20M-25M, but believes 5S builds will start in March. CRUS -5.1%. SWKS -2.3%. TQNT -2.6%. BRCM -1.6%. OVTI -3.1%. Update: H-P states its PC ops don't rely on the Shenzhen, China facility that has seen a hiring freeze.
Comments (11)
  • Valuable Insights
    , contributor
    Comments (485) | Send Message
     
    If Peter Misek's contention that 5S is ramping beginning March, that is a huge positive for $NTE who stated on their recent call that they have a significant new smartphone program ramping with an existing customer in the March-May timeframe.
    20 Feb 2013, 03:16 PM Reply Like
  • pagreen1966
    , contributor
    Comments (573) | Send Message
     
    This is the year apple implements its segmentation strategy for the iphone. Numerous models within 12 months in all shapes and sizes.
    20 Feb 2013, 03:27 PM Reply Like
  • Applocrat
    , contributor
    Comments (757) | Send Message
     
    Exactly. I think this hemming and hawing over Apple's changing strategy is perplexing. Same as it has been in the modern era. Create product. Iterate. Diversify to various price points. Happened with iPod, iPad, mac...
    20 Feb 2013, 03:57 PM Reply Like
  • what do I know
    , contributor
    Comments (1049) | Send Message
     
    But, now people know that the hiring freeze at Foxconn was not related to AAPL, so what happened to the price movement of the day. The price did not move up to, even, the opening price of the day. Does it show that the "chatter" of the brokers is the cause of AAPL's downfall. The trading broker can do anything, why don't they go after AMZN or GOOG?
    20 Feb 2013, 04:02 PM Reply Like
  • cshoxie
    , contributor
    Comments (251) | Send Message
     
    Good thing we got this straightened out otherwise the stock would have been down 22.
    20 Feb 2013, 05:56 PM Reply Like
  • hanakookie
    , contributor
    Comments (76) | Send Message
     
    Most of these guys say a lot about nothing and are fishing for a story. Wow Foxconn not hiring or laying off. Things are getting bad in China. I guess the Foxconn bubble is about to burst.
    20 Feb 2013, 06:09 PM Reply Like
  • abcdduck
    , contributor
    Comments (7) | Send Message
     
    so everyone in this article except for the author says it has nothing to do with HP.
    20 Feb 2013, 06:42 PM Reply Like
  • deercreekvols
    , contributor
    Comments (5152) | Send Message
     
    Whoopsie.
    It appears that the media reports were slightly premature this morning. Apple's stock took a hit because of this.
    Time to stop putting out rumors and stick to the facts.
    A rumor should not drive stocks down.
    One might think that this misinformation was released on purpose.
    SEC could do the right thing and investigate, or they could sit in their office (yes I picture one office with 3 SEC investigators) and do nothing.
    20 Feb 2013, 09:26 PM Reply Like
  • Daniel L. Chen
    , contributor
    Comments (22) | Send Message
     
    Why does this necessarily have to be bad news? Couldn't it just be true that more workers returned after Chinese New Years, like Foxconn stated, hence fewer new hires? I also read somewhere that Foxconn is looking to make more of their manufacturing processes automated. This might actually be a good entry point for Apple.
    20 Feb 2013, 11:17 PM Reply Like
  • scott trader
    , contributor
    Comments (4529) | Send Message
     
    foxconn also has plants in Brazil also since 2005 for assembly of aapl products
    21 Feb 2013, 12:00 AM Reply Like
  • what do I know
    , contributor
    Comments (1049) | Send Message
     
    I just do not want wake up every morning and AAPL go down for one reason or other, whether it Mr. Einhorn or Mr. Cook or Foxconn, and so on! I am just fed up why it does not go to zero and start on the way up! ( I miss Mr. Kass or the other guy who said AAPL should be $425 so he could make all his millions).
    21 Feb 2013, 10:39 AM Reply Like
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