Apple PPS collapse will drag the rest of tech market
infn444 has no clue what he or she is saying. I am sticking with my forecasts. NTE is one of at least 3 suppliers of displays to Apple. NTE's quality has been rated excellent and their reputation within the supply chain is gaining respect and additional opportunties to gain new business inside apple and outside with others smartphone manufacturers is very promising.
This morning, listening to CNBC, In a period of 2 hours I heard one analyst down grade Apple stating that sales of I Phone 5 were in "his mind" weak for the 4th quarter?, even though the sales projections are at an all time high of over 40 million in the quarter. Then an hour later, another analyst stated that Apple will sell over 46 million in the quarter and had a strong buy on Apple stock.
My NTE production estimates for 4th quarter for I Phone 5 displays were based on a run rate of 85% of the contracted maximum of 4 million per month. This is based on Koo's comments on the last call.
Even if Apple did see a slight slow down, this will not effect NTE, Also today was the first day of I Phone 5 sales in China. Let's not forget that T-Mobile will be getting the I Phone 5 in the first quarter. By then, pretty much every key mobile phone service provider will be selling the I Phone.
Selling this week is all about taking profits as with all other stocks, remember, it is that time of the year.