Apple falls on lower shipment forecasts, muted China debut

Home Forums Apple falls on lower shipment forecasts, muted China debut

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      Anonymous
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      Technology News

      An Apple logo is seen at the Apple Worldwide Developers Conference 2012 in San Francisco(Reuters) – Apple Inc shares fell 3.9 percent on Friday after the iPhone 5 debuted in China to a cool reception and two analysts cut shipment forecasts. Jefferies analyst Peter Misek trimmed his iPhone shipment estimates for the Jan-March quarter, saying that the technology company had started cutting orders to suppliers to balance excess inventory. Shares of Apple suppliers Jabil Circuit Inc, Qualcomm Inc, Skyworks Solutions Inc, TriQuint Semiconductor Inc, Avago Technologies Ltd, and Cirrus Logic Inc also fell in early trading. …


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