A couple of iPhone suppliers—Hon Hai and AMS AG—have said they probably won’t make as much money as they thought, and Wall Street is panicking.
The accumulation of warning signs has prompted analyst revisions in the past week. Guggenheim on Wednesday said the company’s recent reliance on rising average selling prices was “no longer enough” to boost growth at a time unit sales show signs of slowing. Shares in Japan Display Inc., one of the quartet that reduced its sales outlook, slid 9.5% Thursday.
I’m certainly no economic expert, but I’m pretty sure the fact that Apple is a stable company now is a good thing. Apple anticipated this years ago and is expanding their sources of revenue. Meanwhile, somewhere on Wall Street little Tommy won’t be getting a Maserati for Christmas.
Check It Out: Rich People Worried iPhone Not Making Them Enough Money
