Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday December 15, 2012

Apple Drastically Cut Its iPhone Orders For Next Quarter

Apple either woefully overestimated the demand for iPhones this quarter or sales are beginning to fall because of stiff competition: Whatever the reason, the news that Apple will be cutting iPhone orders from suppliers spurred a 4% drop in Apple stock on Friday.

Jefferies analyst Peter Misek says iPhone orders were dropped to 25-30 million for the March quarter, down from the 35-40 million range, according to Forbes.