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BNP Takes Bearish View on Apple (AAPL) Suppliers with Weaker Demand Expected

January 14, 2013 7:28 AM EST Send to a Friend
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As reported earlier, Apple (Nasdaq: AAPL) is said to be facing lower demand in the first-quarter of 2013. BNP Paribas is taking the expectation a step further in saying iPhone 5 demand will drop about 25 percent from the last quarter, while iPad shipment numbers are likely to "disappoint."

BNP noted that iPhone 5 shipments could actually fall over 30 percent in the quarter to 30 million units, wider than prior expectations calling for a 10 percent decline.

Strength behind the iPad mini is expected to cannibalize overall iPad sales.

We've also highlighted component suppliers which may see downside on lowered expectations. BNP also pointed out that SK Hynix and SDI might be able to make up the shortfall with larger orders from other companies.

Shares of Apple are down over 3.5 percent early.




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