Analysts Deny That iPhone 5 Sales Have Dwindled
Jan 16th 2013 6:30AM
Updated Jan 16th 2013 8:40AM
More and more analysts have taken a position counter to the one that says demand for the Apple Inc. (NASDAQ: AAPL) iPhone 5 has fallen. Rumors in the press indicated that suppliers of components have been affected by drops in orders from Apple. According to the Telegraph:
Shaw Wu, an analyst with Sterne Agee, told investors that "as far as we can tell, iPhone 5 demand remains robust". He said that Apple's component order change could be due to "much improved yields meaning lower component builds and supplier shifts".
His view was echoed by Mark Moskowitz, of JP Morgan, who said the "order cuts are a direct result of manufacturing yields improving following the fast-and-furious product roll-outs of the iPhone 5 as well as new iPads and Macs".
William Power, a Baird analyst, said he was raising his forecast for iPhone sales in the final months of 2012. He added that "most demand indicators remain favorable".
Filed under: 24/7 Wall St. Wire, Consumer Electronics, Rumors, Wireless Tagged: AAPL