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Rumored iWatch Supplier TPK's Q3 Forecast Falls Flat Amid Reports of Production Issues

Details discussed during a recent earnings conference call by Apple supplier TPK Holdings suggest the production of the iWatch is behind schedule, reports UDN via GforGames. According to earlier rumors, the iWatch may debut in late 2014 with the latest report claiming it will launch alongside the 5.5-inch iPhone 6.

Based on reports from Asian sources, TPK executives spent a portion of the company's Q3 2014 earning conference call explaining why it sees poorer than expected financial projections for the current quarter. TPK is allegedly supplying Apple with flexible displays that use silver nanowire touch screen technology for inclusion in the iWatch wearable.

Balogh-iwatch
iWatch concept based on TRIWA's Havana Nevil Brown watch, by Gábor Balogh

Though the iWatch was not mentioned in the call, pundits believe TPK's shortfall is the result of a slip in the production schedule for the iWatch, which had been expected to be in production and contributing to TPK's bottom line during the third quarter. Now, the company is projecting an increase in profits during Q4 2014, suggesting the iWatch rollout may be slated for closer to the end of this year.

Shares of TPK stock dropped significantly late last week on the outlook.
At an investor conference Thursday, TPK forecast flat quarterly growth, or at best a 5 percent sequential increase, of its consolidated sales for the third quarter, citing decisions by its customers to postpone the launch of their new products. [...]

Sales growth, however, could pick up in September, TPK said, forecasting a break-even operating margin in the third quarter on higher operating costs.
This late start in production may result in Apple shipping fewer iWatch units than expected in 2014, claims analysts at CSLA, a leading Asian investment banking and asset management firm. Instead of shipping 20 million iWatch units by the end of the year, Apple may only be able to deliver a significantly smaller 6 million units. It is unknown if this lowered estimate will translate into a shortage of the device at launch.

Related roundup: Apple Watch

Top Rated Comments

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17 weeks ago
Best line up of products in the last 25 years my ass!
Rating: 13 Votes
17 weeks ago
And Apple analyzers received indicators that indicate indications are coming to the indicator.
Rating: 12 Votes
17 weeks ago
TPK, a company rumored to exist and rumored to work with rumored US tech company Apple, is alleged to be mentioned--in supposed blog GforGames, according to hints suggested by another possibly-existing web site UDN--as being a rumored supplier for a rumored-to-exist iWatch product (not depicted in these speculative concept images) or some other possible product, whose rumored schedule is rumored to have slipped due to rumored issues with hypothetical flexible displays rumored to use a rumored new touch technology which is speculated to have problems that Apple is rumored to be surprised by, as apparently reported by sources familiar with the potentially real web site MacRumors.
Rating: 12 Votes
17 weeks ago
I am very disappointed Apple will be late in releasing something hasn't been announced and may not ever exist.

Next we'll probably learn Apple's new line of printers are also behind schedule.
Rating: 8 Votes
17 weeks ago
After analyzing the situation thoroughly, I predict that Apple will do whatever it wants to do in secret.
Rating: 5 Votes
17 weeks ago

And Apple analyzers received indicators that indicate indications are coming to the indicator.


Rating: 5 Votes
17 weeks ago


Next we'll probably learn Apple's new line of printers are also behind schedule.


Yes they're behind. I got a leaked picture of the mockup to prove that I am right

Rating: 3 Votes
17 weeks ago


Though the iWatch was not mentioned in the call, pundits believe TPK's shortfall is the result of a slip in the production schedule for the iWatch,


Pundits generally believe whatever will make headlines containing the word "Apple". It's even better if they can say it's bad news for Apple.
Rating: 3 Votes
17 weeks ago

You will see, if you watch that certain early exceptions tend to be rumored out when needed, perhaps an analyst comes out with some bad news, or some found documents hints that something may not be coming in the way we were hoping.


I understand you are not American so you may not have great insight into U.S. corporate law, but what you are suggesting is patently illegal. I'm not suggesting it doesn't happen, but would be hard pressed to believe a well watched company like Apple would do put itself in such jeopardy. It already saw how the SEC came down on Jobs for his stock option backdating scheme because Apple is a prized big fish to catch.

If Apple tells something to one analyst, it has to make it public for all the world. Off the record remarks to stock analysts are strictly forbidden. If an analyst comes out with rumor its from non-Apple directed sources, which is why they are so often so off base. The analyst's info is not being directed to them by Apple, even indirectly. Again big no-no.
Rating: 2 Votes
17 weeks ago

TPK, a company rumored to exist and rumored to work with rumored US tech company Apple, is alleged to be mentioned--in supposed blog GforGames, according to hints suggested by another possibly-existing web site UDN--as being a rumored supplier for a rumored-to-exist iWatch product (not depicted in these speculative concept images) or some other possible product, whose rumored schedule is rumored to have slipped due to rumored issues with hypothetical flexible displays rumored to use a rumored new touch technology which is speculated to have problems that Apple is rumored to be surprised by, as apparently reported by sources familiar with the potentially real web site MacRumors.


This should win post of the year.

I love MacRumors, but some of these stories are really, really thin. Yes, I know it's a rumors site, but I liked it better when there were fewer, generally more selective reports and rumors. And yes, I know I don't have to read every article. But I used to want to.
Rating: 2 Votes

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