Apple “Faces Risk Of Inventory Correction”: Three Channel Checks Confirm Deteriorating iPhone Sales

Monday, December 7, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/07/2015

One month ago, Credit Suisse confirmed what we had reported in the previous several weeks, namely that according to channel checks, iPhone supply chain orders had weakened recently adding that “in our view, the continued weak supply chain news could weigh on Apple shares for the next few weeks/quarters.” The market did not like the news and sold AAPL stock only to promptly BTFD as it always has in the past 7 years: after all any transitory weakness is merely an opportunity to buy, right? Only this time the weakness may not be transitory, because as of this morning we now have not one but three updated channel checks all pointing to a substantial slowdown in AAPL’s flagship product and core revenue generator, the iPhone.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter