Posted on Wednesday, November 05 2008 @ 8:24 CET by Thomas De Maesschalck
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."
