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Apple (AAPL) Weaker as iPhone Chip Orders Said to Be Slowing Down

November 28, 2014 9:40 AM EST

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%.

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