Apple (AAPL) Weaker as iPhone Chip Orders Said to Be Slowing Down
Get Alerts AAPL Hot Sheet
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
Join SI Premium – FREE
Apple (NASDAQ: AAPL) is mildly weaker early Friday on reports from Digitimes iPhone chip orders are slowing down, citing IC designers.
"Orders for chips for the production of iPhone 6 devices will reduce to 44-46 million units in the first quarter of 2015 from more than 50 million units in fourth-quarter 2014, the sources estimated," the report said.
The report added, "In addition, analog IC firms in the supply chain for Apple's iPhone 6 disclosed that their unfilled orders-to-shipments ratio has slid to 1.1 from 1.3-1.4."
"Meanwhile, sources at downstream manufacturers also indicated that the visibility of orders for the iPhone 6 has reduced at a gradual pace. Shipments for Apple's latest iPhone devices might have already reached peak levels, the sources suggested."
Share of Apple last traded at $118.78, down 0.2%.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apple in talks with Google to use generative AI in iPhones- Bloomberg
- S&P 500 will face a test 'sooner or later,' BTIG analyst says
- Rivian Automotive (RIVN) Says Vehicles Are Now Compatible With The Supercharger Network
Create E-mail Alert Related Categories
Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!