Market Overview

A Big Apple Supplier Says iPhone Maker Is A 'Little More Conservative Placing Orders This Year'

A Big Apple Supplier Says iPhone Maker Is A 'Little More Conservative Placing Orders This Year'

According to a report by Asia Nikkei Review, a major supplier to Apple Inc. (NASDAQ: AAPL) issued a concerning remark that shareholders should listen to.

Advanced Semiconductor Engineering, a key member of Apple's supply chain and the world's largest chip assembler and tester, said on Tuesday that Apple is being more conservative in its orders compared to a year ago.

Related Link: Apple To Sell 40 Million iPhones In June, According To Search Engine Analytics

The remarks came from Advanced Semiconductor Engineer's chief operating officer, Tien Wu. He was also quoted as saying that other major smartphone manufacturers are becoming "more aggressive" in booking chips this year.

"I don't think anybody is overly aggressive this year, so I don't think there would be any serious inventory correction issue similar to last year," the executive also said.

Despite the report, shares of Apple were trading higher by more than 1 percent ahead of Tuesday's market open.

Posted-In: Advanced Semiconductor Engineering AppleAnalyst Color News Movers Tech Media Trading Ideas Best of Benzinga


Related Articles (AAPL)

View Comments and Join the Discussion!

Latest Ratings

CATStandpoint ResearchDowngrades
LULUWells FargoMaintains260.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

A Look At NetApp's Key Challenges

SharpSpring Sells SMTP Relay Unit For $15 Million