Is the story regarding Apple cutting its iPhone 5 display orders bad news? Could this be an attempt to manipulate the stock ahead of a blockbuster earnings release?
BusinessInsider thinks as much, and points out the following stories going as far back as December 5 which reference a cut in Apple’s March quarter iPhone orders.
- December 5: DigiTimes reports Apple’s iPhone orders will fall in Q1.
- December 14: Apple drastically cuts iPhone orders, says Jefferies.
- December 16: Citi cuts Apple target, cites slowing demand and supply orders.
- December 20: Susquehanna says production was cut.
Meanwhile, investors aren’t terribly enthused as Apple has dipped down below $400 for the first time since last February.