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The endless cycle of analysts manipulating AAPL with spurious reporting about supply chain shifts continues apace.

partiallypro 8y ago
How is this spurious? The maker of the components used to make FaceID cut their outlook. Since Apple is their largest (if only) customer that's a good indication that sales are slowing. Apple also recently said it will no longer make public the exact unit sales numbers.
- eridius 8y ago
  A maker. Are they the only supplier of these particular components?
  - microtherion 8y ago
    The last paragraph in this article implies otherwise: https://www.ped30.com/2018/11/12/lumentum-wells-fargo-apple/ https://www.ped30.com/2018/11/12/lumentum-wells-fargo-apple/ > UPDATE: A friend of the blog dug up this press release from last December, when Apple invested a few hundred million in one of Lementum’s chief competitors: Apple awards Finisar $390 million from its Advanced Manufacturing Fund Now, this is an Apple friendly blog; I don't know whether the two companies are truly in the same business, or whether or not Apple sales are actually slowing down, but there is a perennial pattern of analysts interpreting order cuts at a single supplier as evidence of a slowdown, and being mistaken.
    - eridius 8y ago
      > but there is a perennial pattern of analysts interpreting order cuts at a single supplier as evidence of a slowdown, and being mistaken. Exactly this. I didn't say it before because I didn't feel like trying to dig up sources on this, but I feel like we've had several instances already where "analysts" predict a slow quarter for Apple based on news coming out of a supplier of Apple cutting inventory orders, and then it turns out that Apple had a great quarter and presumably just used a different supplier instead.
- deleted 8y ago
  [deleted]
- millstone 8y ago
  It may be real or not. But "Apple is doomed according to indirect supplier reports" appears every few months. Chicken little's cred is worn very thin. Example from last January: https://markets.businessinsider.com/news/stocks/apple-stock-price-dips-after-reportedly-telling-suppliers-to-cut-iphone-x-production-targets-2018-1-1014454463 https://markets.businessinsider.com/news/stocks/apple-stock-...
  - partiallypro 8y ago
    Well, Apple did miss iPhone sales this past quarter and the quarter before (and maybe the quarter in between)...so it's not exactly chicken little. They have beaten their EPS target, and we have been in a strong bull market so the stock has shrugged it off.

How is this spurious? The maker of the components used to make FaceID cut their outlook. Since Apple is their largest (if only) customer that's a good indication that sales are slowing. Apple also recently said it will no longer make public the exact unit sales numbers.

eridius 8y ago
A maker. Are they the only supplier of these particular components?
- microtherion 8y ago
  The last paragraph in this article implies otherwise: https://www.ped30.com/2018/11/12/lumentum-wells-fargo-apple/ https://www.ped30.com/2018/11/12/lumentum-wells-fargo-apple/ > UPDATE: A friend of the blog dug up this press release from last December, when Apple invested a few hundred million in one of Lementum’s chief competitors: Apple awards Finisar $390 million from its Advanced Manufacturing Fund Now, this is an Apple friendly blog; I don't know whether the two companies are truly in the same business, or whether or not Apple sales are actually slowing down, but there is a perennial pattern of analysts interpreting order cuts at a single supplier as evidence of a slowdown, and being mistaken.
  - eridius 8y ago
    > but there is a perennial pattern of analysts interpreting order cuts at a single supplier as evidence of a slowdown, and being mistaken. Exactly this. I didn't say it before because I didn't feel like trying to dig up sources on this, but I feel like we've had several instances already where "analysts" predict a slow quarter for Apple based on news coming out of a supplier of Apple cutting inventory orders, and then it turns out that Apple had a great quarter and presumably just used a different supplier instead.
deleted 8y ago
[deleted]
millstone 8y ago
It may be real or not. But "Apple is doomed according to indirect supplier reports" appears every few months. Chicken little's cred is worn very thin. Example from last January: https://markets.businessinsider.com/news/stocks/apple-stock-price-dips-after-reportedly-telling-suppliers-to-cut-iphone-x-production-targets-2018-1-1014454463 https://markets.businessinsider.com/news/stocks/apple-stock-...
- partiallypro 8y ago
  Well, Apple did miss iPhone sales this past quarter and the quarter before (and maybe the quarter in between)...so it's not exactly chicken little. They have beaten their EPS target, and we have been in a strong bull market so the stock has shrugged it off.