Apple Inc. (NASDAQ: AAPL) fell 1.5
percent premarket Thursday on news that it halved iPhone 8 and
iPhone 8 Plus holiday orders.
A supply chain official alerted Taiwan’s Economic Daily News to the cuts.
The order reduction could be indicative of weakening product demand — an obvious negative for Apple — or it could signal
consumers’ better-than-expected interest in the concurrently released iPhone
X.
Nonetheless, the market interpreted the news with pessimism and prompted plunges
among Apple
suppliers. At the time of publication,
-
Skyworks Solutions Inc (NASDAQ: SWKS),
down 2.18 percent. and
-
KLA-Tencor Corp (NASDAQ: KLAC), down
1.93 percent.
-
Cirrus Logic, Inc. (NASDAQ: CRUS) was
trading down 1.75 percent.
-
Applied Materials, Inc. (NASDAQ: AMAT),
down 1.68 percent.
-
Qorvo Inc (NASDAQ: QRVO), down 1.50.
-
Knowles Corp (NYSE: KN), down 1.28.
-
Jabil Inc (NYSE: JBL), down 1.10.
-
Micron Technology, Inc. (NASDAQ: MU),
down 1.08 percent.
-
Intel Corporation (NASDAQ: INTC), down
1.07.
-
Texas Instruments Incorporated (NASDAQ: TXN), down 1.
The following suppliers moved marginally lower or appeared unaffected:
-
Lam Research Corporation (NASDAQ: LRCX), down 0.95.
-
Broadcom Ltd (NASDAQ: AVGO), down 0.86
percent.
-
NXP Semiconductors NV (NASDAQ: NXPI),
down 0.34.
-
QUALCOMM, Inc. (NASDAQ: QCOM), down
0.31.
-
Lattice Semiconductor Corp (NASDAQ: LSCC), down 0.17.
-
TTM Technologies, Inc. (NASDAQ: TTMI),
flat.
-
Analog Devices, Inc. (NASDAQ: ADI),
flat.
-
Flex Ltd (NASDAQ: FLEX), flat.
-
LG Display Co Ltd. (ADR) (NYSE: LPL),
flat.
-
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE: TSM), up 0.02.
In September, Rosenblatt Securities warned
of potential iPhone 8 production cuts after early preorders
came in “substantially lower” than those of earlier generations. Within days, though, other analysts reported
a pickup in demand.
As of Thursday morning, Apple had not yet commented on the scaleback reports.
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