Market Overview

Are Apple's Suppliers Hinting Of Poor iPhone Demand?


According to a report by Reuters, some of Apple Inc. (NASDAQ: AAPL)'s key members of its Asian supply chain are expecting their revenues and orders to fall this quarter.

Reuters, citing "industry executives," added that Apple's latest iPhone did not have enough compelling features to convince its user base to upgrade devices. Meanwhile, companies such as Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE: TSM) have already cautioned investors over a "lackluster" sales outlook.

See Also: Apple iPhone Estimates Cut Again At Credit Suisse; Analyst Sees Ultimate Stock Downside Of $92, Upside Of $140

Reuters added that these factors merely add to ongoing concerns that Apple's history of innovation and re-defining the smartphone market may be slowing down.

Apple is scheduled to report its first quarter results on Tuesday after market close.

Posted-In: Apple Apple Suppliers Apple Supply Chain iPhone ReutersNews Rumors Tech


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