Apple Selloff Overdone? Unreliable Source Might Be To Blame For iPhone Production Cut Talk

Source: www.benzinga.com --- Sunday, April 24, 2016
Nehal Chokshi of Maxim said the June-quarter guidance of Apple Inc. (NASDAQ: AAPL ) is expected to meet his estimate after his "analysis of likely source of Nikkei report regarding June quarter iPhone production cuts." On April 15, Nikkei published a report that implied iPhone supply will trend below current expectations. The analyst said since then, Apple shares have underperformed the NASDAQ by 550bp. The report stated Apple "will maintain the reduced output level in the June quarter." But Chokshi said it is unclear "whether this level is with respect to the reported 30 percent y/y reduction for the March quarter in iPhone component builds will be sustained for the June quarter or flat q/q." The analyst noted that Nikkei http://ift.tt/1PdGXZp">published ... Full story available on Benzinga.com ...

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