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Apple to cut iPhone production by 40 percent?

Posted on Wednesday, November 05 2008 @ 08:24:40 CET by

Analysts claim Apple may cut iPhone production by 40 percent this quarter as consumer spending slows:
The change may reduce fourth-quarter revenue for Broadcom, Marvell Technology Group and Linear Technology, which supply parts used in the mobile phone, analyst Craig Berger wrote in a note.

"Apple is a good proxy for broader consumer demand given that it has the hottest, sleekest, most desirable products," Berger wrote in a note to clients. "That the firm's iPhone production plans are being revised lower suggests that the global macroeconomic weakness is impacting even high-end consumers," and that "no market segment will be spared in this global downturn."



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