No 2013 Rotation From Bonds Into AAPL
January 4, 2013 - 10:25am
AAPL is now in the red for 2013 having filled its January 2nd opening gap. Down around 5% from its highs of that day, AAPL is down over 2% today alone (on decent volume) on the back of further concerns (prompted by Deutsche Bank) about iPhone 5 sales. It seems the meme on rotation from bonds to stocks is just not holding up for AAPL - perhaps it is time to plunder our Social Security fund to buy AAPL? $526.75 seems like next support... Via Deutsche Bank: Major output adjustment risk for iPhone 5-related components following on from iPad 1Q 2013 (current quarter) production of electronic components and materials for Apple's mobile products is exposed to major adjustment risk. This is the result of sales to end-2012 having not been as strong as expected. We view 4Q 2012 production and shipments for iPhone 5 as having been slightly under 40m on a finished product basis,...
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