Tech Biz Replay: Apple Build Orders Called A Positive For Component Suppliers
Despite its now notorious problems with manufacturing, Apple (NASDAQ:AAPL) is now seeing calendar fourth quarter iPhone 5 build orders of between 60 and 65 million units from the previous 55 to 60 million. If this proves accurate, Peter Misek at Jefferies thinks it’s a positive for component suppliers like Qualcomm (NASDAQ:QCOM), Cirrus Logic (NASDAQ:CRUS), OmniVision Technologies (NASDAQ:OVTI), and Broadcom Corporation (NASDAQ:BRCM). The analyst added that iPhone 5 lead time is still at 3 to 4 weeks in the 31 countries where it can be used, and continues to expect that 55 million iPhones will be shipped in the current quarter.
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