Apple Inc. (NASDAQ:AAPL) has lost over 6% on the day,
and it's reasonable for many investors to be fearful as shares of the
tech company are approaching the dreaded "death cross" (see Should You Trade Apple Near The Death Cross?).
Qualitatively speaking, the stock's selloff has been attributed to a
number of different factors, but one prominent analyst says it may be at
least partially a result of an article in the DigiTimes.
Read Full Article>>>"A DigiTimes article from today suggests that iPhone 5 is selling well based on comments from wireless chipset providers and seems to suggest upside to the Street's 43-45 million estimate for December [...] In the same article, DigiTimes is suggesting a 20% q/q decline in Apple's demand for parts and components in March. We believe this 20% decline is to be expected coming off of a launch quarter and do not believe it is an indication of how units might trend in March."