Work is flowing from other suppliers to NTE. Rate of growth is a multile of Apples growth rate. Additional new contract will be announced very soon. Could be the new screen for the iPad mini. Also, don't forget, Apple isn't the only company making smart phones / tablets. NTE has proven to be one of the better suppliers out there. Apple gave then an award. Also NTE is respected when it comes to labour relations, which has become an issue of late. This story is in the early innings. $20's is in the very near future. Possible sale of the company in a year or two, and that would not be in the 20's.
Apple sells over 2M of new version of iPhone in China in first 3 days on the market there
Associated Press – Monday, December 12, 2013, 8:30am
NEW YORK (AP) -- Apple said Monday that it sold more than 2 million iPhone 5s in China in their first three days of availability, setting a record for that market.
IPhone 5, which launched in China on Friday, will be available in more than 100 countries by the end of December.
The phone first went on sale on Sept. 21 in the U.S., Germany, France, Japan and five other countries, with more than 5 million of the phones sold in the first three days.
That sales tally also set a record, but only beat last year's iPhone 4S launch by a small margin, falling short of some analysts' expectations. Apple shares hit an all-time high of $705.07 that day, but in the months since the stock has plunged about 28 percent.
The China introduction is very methodical as planned. The markets hysteria over Apples demise is an example of how the gene pool of analysts has been contaminated by an injection of stupid. Early in 2013 they will all reverse like hummingbirds without stopping as Apple (and all her suppliers) reveal the continuing surge brought about by the calculated introduction of Apple products into 50 additional countries. Staged so as to not be caught without inventory as happened this fall. The waning weeks of 2012 are clearly buying opportunities for a host of companies.
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.
Sentiment: Strong Buy