Apple (AAPL) might be forecasting a major drop in iPhone 4S sales ahead of the next iPhone's...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple (AAPL) might be forecasting a major drop in iPhone 4S sales ahead of the next iPhone's launch. Topeka Capital's "Apple Monitor," which tracks the sales of Taiwanese firms who (on average) derive 50%-60% of their revenue from Apple, witnessed a 13% M/M sales decline in June. That compares with a 1% average increase over the last 7 years, and suggests a large decline in component orders. Nonetheless, analyst Brian White is maintaining his $1,111 PT on Apple. (previous)