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Apple Demand 'Cold As Ice' In Asia, iPhone Suppliers Face Risk Of Earnings Misses

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Apple Inc. NASDAQ:AAPL, Avago Technologies Limited NASDAQ:AVGO - Apple Demand 'Cold As Ice' In Asia, iPhone Suppliers Face Risk Of Earnings Misses

The estimates for iPhone suppliers have been reduced to reflect weaker-than-expected demand trends for the iPhone 6s in Asia, Pacific Crest’s Michael McConnell mentioned.

iPhone suppliers are headed for earnings misses, with demand for Apple Inc. AAPL 0.48% under severe pressure.

“While near-term Samsung supply-chain estimates reflect strength, we see increased risked to forward estimates now that all major promotional activity has ceased for the GS7,” McConnell wrote.

Investors are likely to look beyond near-term volatility and focus on the upcoming iPhone 7 refresh cycle in the back half of 2016, McConnell commented.

Broadcom

The analyst maintained an...


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