Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > Apple suppliers suffer terrible February, but now hiring

Apple suppliers suffer terrible February, but now hiring
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Mar 11, 2013, 01:21 PM
 
Apple suppliers performed poorly during February, says Topeka Capital analyst Brian White. The claim is based on an "Apple Monitor," a collection of suppliers the analyst tracks as a way of gauging Apple's performance. Collectively the companies were down 31 percent in February, versus a normal 8 percent drop for the month. The results are bad even when considering the effect of the Chinese New Year, White says -- "the worst February we have on record."

The whole industry is said to be suffering though, not just Apple. The most important Apple supplier not included in the Apple Monitor, Hon Hai -- better known as Foxconn -- fell 25 percent month-over-month. Hon Hai also produces goods for a number of other Western corporations, likely making it difficult to use as a barometer for Apple. Hon Hai and another supplier linked to Apple, TSMC, are however each adding about 5,000 more workers, according to Taiwanese paper the Economic Daily. Recruiting notices were posted at a recent event meant for graduating university students. Most of Hon Hai's new jobs are expected to be in research and development for automated production, e-commerce, and robots, while TSMC is reportedly focusing on equipment managers.
     
hayesk
Guest
Status:
Reply With Quote
Mar 11, 2013, 01:38 PM
 
I wonder if Topeka Capital or one of their buddies may be looking to buy or short some Apple stock.
     
Junior Member
Join Date: Aug 2007
Status: Offline
Reply With Quote
Mar 11, 2013, 04:17 PM
 
I'm having trouble understanding this. Just a month ago Apple had no inventory for many products. Everything that was made was sold right away. Demand was exceeding supply. Is this still true or partially true? I'm not sure if these percentage drops alluded to in the article are monetary measurements but I'll assume so. I realize margins have compressed a bit to under 40% for iDevices but they are still very high compared to the competitors. I'd be a bit cautious about making judgements on this info until we have more of they why and how.
     
Fresh-Faced Recruit
Join Date: Mar 2013
Status: Offline
Reply With Quote
Mar 12, 2013, 03:51 AM
 
I'm having trouble understanding the meaning of "down 31 percent in February". Was it sales? stock prices? profits? margins? If it is stock prices, the companies did not suffer; shareholders did. Apple is still make record profits and cash flows. The company is doing great. Only shareholders are suffering.
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 08:13 AM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2