Saturday, June 16, 2018 3:50:14 AM
Apple Reportedly Lowers iPhone Component Orders
According to a June 8 report from Nikkei Asian Review, a publication that often gets it right with respect to Apple (NASDAQ: AAPL) supply chain machinations, the company is telling its suppliers to "prepare around 20% fewer components for iPhones debuting in the latter half of 2018" relative to what it had asked them to build ahead of the previous iPhone product cycle.
The report goes on to say that while Apple had asked its suppliers to "prepare for production of up to 100 million units of the new iPhone 8, iPhone 8 Plus and iPhone X," it's telling them to ready components for production of just 80 million units.
http://tinyurl.com/y8y973g7
As a retired electronics engineer I can tell you that that kind of supply chain information is hard to keep secret and you can bet on it as being bad news at least with respect to selling hardware.
An additional factor is seasonality as seen in the chart below.
Looks like it's Put-spread time for AAPL. That's exactly what I'm going to do on Monday. The higher they are, the farther they fall.
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