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Drop in Production of iPhones?

TheStreet claims that Apple's stock took a dip amidst gossip that Apple was reducing production of iPhones from "9 million units to 4.5 million units," according to a note from analysts Miller Tabak & Co.

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59 months ago
Blah... this is the same guy that complained the iPhone wasn't sold out after 4 hours. I don't think Apple or AT&T is complaining about selling 4.5 in the near future. I don't understand this though, there is no way in hell Apple would sell 10million in the near future. Why would they manufacture them now anyway? 18 months before the end of 08?
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59 months ago
not sure if i believe this or not. but apple's stock did take a dip. hopefully it'll recover
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59 months ago
I think it is stock manipulation. Miller Tabak & Co. even say on their site that they "act as agent on behalf of sophisticated institutional investors, executing trading and hedging strategies imaginatively and aggressively." Yes, imaginatively indeed. :rolleyes:
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59 months ago
Which suggests to me some kind of upcoming design or technical amendment. Perhaps a 3G variant for Europe?
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59 months ago

Which suggests to me some kind of upcoming design or technical amendment. Perhaps a 3G variant for Europe?


Well, Apple are hiring iPhone support staff at the moment; so given there's probably a month or more lead-in time with new staff I'd say it'll be several weeks still before we see anything in Europe.
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59 months ago
Drop from 9 million... in what timeframe? How is that even a story if they don't say whether it was 9 million this month or 9 million next year, or what?

With a goal of 1 million by end of September, it's hard to imagine making more than that right now. It must be a long term thing... and long-term, Apple IS still on track to make their 10 mil in 2008.

(Did I miss something?)
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59 months ago
Follow-up:

However, Miller Tabak analyst Peter Boockvar later told AppleInsider that his firm authored no such note on Apple. Instead, he said, gossip was passed along during a telephone conversation and was subsequently overblown.

"Disregard it. There's no note on Apple today," Boockvar said. "It's pure noise."
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59 months ago

Follow-up:

However, Miller Tabak analyst Peter Boockvar later told AppleInsider that his firm authored no such note on Apple. Instead, he said, gossip was passed along during a telephone conversation and was subsequently overblown.

"Disregard it. There's no note on Apple today," Boockvar said. "It's pure noise."

Yup, stock manipulation...
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59 months ago

"It's pure noise."


I say the same of him.
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59 months ago
Any long term investors would just use this day to back up the truck and buy more Apple stock.

jon
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