Last month we heard that even though Apple just posted a record breaking quarter, sales of the iPad were lower than internal expectations.
Backing up claims that Apple is having a down month, Topeka Capital says that they’ve been monitoring Apple’s suppliers and February was a very bad month for companies that help make Apple products.
As reported by Business Insider, Brian White of Topeka Capital says his ‘Apple Monitor’ for February was terrible. White says that February results for his Apple Monitor were down 31 percent sequentially, when the typical decline is usually around 8 percent.
One bit of good news for Apple fans though is that most of Topeka’s monitors in Taiwan experienced weaker than average trends in February, so it’s probably not just Apple that’s experiencing a sales slump, it’s the entire industry.
Apple’s Tim Cook has repeatedly shut down rumors from companies like Topeka Capital. Because Apple’s supply chain is so complex, Cook has claimed that looking at a few data points in the chain does not give an analyst a clear picture of what’s happening at Apple, so don’t place too much faith in White’s report.
- Source Business Insider