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Original poster
Apr 12, 2001
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Apple will miss the lower end of its own revenue guidance figures of $41-43 billion for the current quarter by more than half a billion dollars, claim Citigroup analysts cited by Business Insider.

CNET has more on the research note, which says that reduced orders in Apple's supply chain suggest softening demand for both iPhone and iPad, and claims that there is "limited evidence" of an imminent low-cost iPhone.
In conducting our regular field work with the hardware supply chain, we again find evidence of reduced demand to Apple's suppliers for iPhone 5 related components. While production does not directly translate to sales (for example, we estimate Apple finished 1Q13 (Dec) with [around] 10M iPhone units in inventory), we suspect this is an indication of softer demand for iPhone 5 and iPhone 4S.
Citi's Glen Yeung predicts total iPhone sales of 59 million units in the first half of 2013, while the general Wall Street expectation is for around 69 million. He has also slightly downgraded his forecast Q2 iPad sales by 0.6 million to 19 million.

iphone_5_ipad.jpg
Yeung's team also warns against expecting revenue to flow from the low-cost iPhone rumored to be coming in August or September.
Despite much speculation amongst investors and third-party research, we find limited evidence of a low-end iPhone at this stage ... We continue to expect iPhone 5S to be launched (albeit in early C3Q13 vs. late C2Q13) and anticipate a large-screen iPhone in late 2013/early 2014. But clear indications of a low-end iPhone remain elusive.
But while Citi is pointing to supply chain reports as the basis for its claims, Apple CEO Tim Cook has previously cautioned against reading too much into supply-chain rumors:
Months of rumors about order cuts and so forth, so let me take a moment to comment on these. No comment on any particular rumor as I'd spend my life doing that. I suggest its good to question the accuracy of any kind of rumor about build plans. Even if a particular data point were factual, it would be impossible to interpret that data point as to what it meant to our business. The supply chain is very complex and we have multiple sources for things. Yields can vary, supplier performance can vary. There is an inordinate long list of things that can make any single data point not a great proxy for what is going on.
However, Citi has been among the more accurate analyst firms in following the recent slowing of Apple's growth, and its statements are in line with previous observations by other analysts and commentators.

Apple has fallen short of analyst expectations several times in recent quarters, but has always met its own guidance, although that guidance has long consisted of low-ball figures that Apple felt it could easily meet. Starting with this quarter, Apple is now issuing a range of guidance numbers that it believes it will fall within, significantly altering the landscape for analysts seeking to predict Apple's performance.

Article Link: Citi Analysts Suggest Apple Will Miss Its Own 2Q 2013 Revenue Forecast
 

Joe-Diver

macrumors 6502
Aug 2, 2009
265
0
We expected 41 billion but only made 39.5. It's a tragic day. Someone will get fired for this.
 

Popeye206

macrumors 68040
Sep 6, 2007
3,148
836
NE PA USA
And the stock will go tumbling down once again. I'm sure wall street will quickly pull out the headstones for this one.
 

BigZ243

macrumors regular
Aug 25, 2008
128
108
Is it me or does it seem Apple has been too quiet product-wise so far this year?

They need to have a keynote now to help their stock and show something new. A Mac Pro or something would help.
 

meboy

macrumors 6502
Apr 12, 2012
326
272
Sure it seems like a lot of money to you but the only trend that's okay in business is UP!
This is trending down. Has been and looks like it will continue. The worst kind of trend.
 

iSunrise

macrumors 6502
May 11, 2012
378
113
Plan: Make a cheaper iPhone to counteract the Android impact. Apple is going to cut into it´s own products, yet again. Apple should offer older models for a lower price (just sell the iPhone 5 at the price of the new cheap plastic products that are in development), when the 5S is going to get introduced. That would make a lot more sense and their BOM on the iPhone 5 would still permit them to make a decent profit of it. But Apple wants even more money and build a plastic iPhone so that they don´t have to sacrifice their margins. Brilliant move. More money, but quality second.
 

Popeye206

macrumors 68040
Sep 6, 2007
3,148
836
NE PA USA
Is it me or does it seem Apple has been too quiet product-wise so far this year?

They need to have a keynote now to help their stock and show something new. A Mac Pro or something would help.

Mac pro wouldn't make the stock jump 1/2 point... but you are right in thinking that it's awfully quiet... normally something is introduced around this time... maybe... just maybe, Apple is quiet because there is something behind the curtain that has not leaked yet???? I keep hoping for some surprise.
 

Squilly

macrumors 68020
Nov 17, 2012
2,260
4
PA
Wouldn't be surprised if they miss their mark. Their stock has been performing awful lately.
 

musiciscool

macrumors regular
Jun 8, 2008
126
0
Los Angeles, California
the worst thing about the stockmarket is its the same people that buy Beiber and Gaga CDs; in music you can just ignore them and go check out good stuff instead, in stocks, they buy stock in the good stuff and drag them down with their bullcrap!
 

Applefanboy8153

macrumors regular
Sep 3, 2012
204
0
You know that some of these guys actually know their stuff..

I am an economics student and actually a lot of it is just manipulation on the part of analysts. These guys are just smartasses.

----------

Plan: Make a cheaper iPhone to counteract the Android impact. Apple is going to cut into it´s own products, yet again. Apple should offer older models for a lower price (just sell the iPhone 5 at the price of the new cheap plastic products that are in development), when the 5S is going to get introduced. That would make a lot more sense and their BOM on the iPhone 5 would still permit them to make a decent profit of it. But Apple wants even more money and build a plastic iPhone so that they don´t have to sacrifice their margins. Brilliant move. More money, but quality second.

Actually apple could just use the same plastic HTC uses, it feels solid and has a great look.
 

AppleGuesser

macrumors regular
May 1, 2012
239
100
Macon, GA
I've come to a point where I don't really care any more about the stocks. Apple could sell 45 million iPhones in a weekend (impossible, i know this :) ) and they would still get beaten to death.

And I have to agree with everyone here, Apple has been unusually quiet. Nothing on iPad, nothing on OS X, just nothing. Very odd. Hoping Apple has a few tricks up their sleeves for this spring/summer :) :apple:
 

pgiguere1

macrumors 68020
May 28, 2009
2,162
1,135
Montreal, Canada
Wouldn't be surprised if they miss their mark. Their stock has been performing awful lately.

Shouldn't it be the other way around? Their stock drops because they don't sell enough.

the worst thing about the stockmarket is its the same people that buy Beiber and Gaga CDs; in music you can just ignore them and go check out good stuff instead, in stocks, they buy stock in the good stuff and drag them down with their bullcrap!

I like how your analogy is relevant to your username :p.
 

Rogifan

macrumors Core
Nov 14, 2011
22,906
29,032
Another one of these vaunted "supply checks" rumors. As if Wall Street analysts have a good gasp in Apple's supply chain. :rolleyes:

Incidentally, another Wall Street "analyst" is saying sell Apple AND Samsung.

http://www.forbes.com/sites/ericsav...both-says-berenberg-analyst/?partner=yahootix

----------

I've come to a point where I don't really care any more about the stocks. Apple could sell 45 million iPhones in a weekend (impossible, i know this :) ) and they would still get beaten to death.

And I have to agree with everyone here, Apple has been unusually quiet. Nothing on iPad, nothing on OS X, just nothing. Very odd. Hoping Apple has a few tricks up their sleeves for this spring/summer :) :apple:

Maybe it's just wishful thinking on my part but I'm hoping no news means some great stuff is on the way.
 

macduke

macrumors G4
Jun 27, 2007
11,826
16,750
Central U.S.
And once again, Apple will post a record breaking quarter. These "analysts" are trying to drive down prices so that they can get some cheap Apple stock. They're upset they didn't buy in 2008.

Remember the calm before the storm that was iPhone? Apple is working on some crazy stuff right now and they'll only release it when it's ready to ship. If you really think they're sitting on their hands then you really don't understand anything about the company.

Apple needs to remain non-reactionary. Just keep building great products and the money will follow.

My only gripe is that they need to invest more in services. Not just money and hardware, but people too. Stop half-assing it. And if they're not going to whole-ass it, they should at least give us API hooks in iOS 7 to replace their somewhat inferior services.
 

AppleGuesser

macrumors regular
May 1, 2012
239
100
Macon, GA
Maybe it's just wishful thinking on my part but I'm hoping no news means some great stuff is on the way.

Wishful thinking is better than doom and gloom :)

----------

And once again, Apple will post a record breaking quarter. These "analysts" are trying to drive down prices so that they can get some cheap Apple stock. They're upset they didn't buy in 2008.

Remember the calm before the storm that was iPhone? Apple is working on some crazy stuff right now and they'll only release it when it's ready to ship. If you really think they're sitting on their hands then you really don't understand anything about the company.

Apple needs to remain non-reactionary. Just keep building great products and the money will follow.

My only gripe is that they need to invest more in services. Not just money and hardware, but people too. Stop half-assing it. And if they're not going to whole-ass it, they should at least give us API hooks in iOS 7 to replace their somewhat inferior services.

Agreed 100% with everything you just said. Its people like you that make me believe in the Apple Community still :)
 

Yvan256

macrumors 603
Jul 5, 2004
5,059
964
Canada
What's wrong with plastic?

I don't get all this hatred toward plastic cases. The :apple:TV has a plastic case. So does the AirPort Express and the Time Capsule. And so did the iPhone 3GS.

I hate stainless steel, aluminium and glass cases/backs. The iPhone 3GS is still the best hand-fitting iPhone ever released. Our hands are not flat with sharp corners. :rolleyes:
 
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