Apple (AAPL) Cutting Flash Orders; iSuppli Cuts Its NAND Flash Outlook
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Price: $336.52 +2.16%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
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iSuppli lowered its outlook for global flash revenue growth because of the weakness in consumer spending and order reductions from various companies. NAND flash is used in consumer-electronics applications, such as flash storage , MP3 players and USB flash drives.
Apple (Nasdaq: AAPL) cut its 2008 NAND order forecast and told suppliers that its demand will slow in 2008 compared to 2007, says iSuppli contacts. This is expected to have a significant impact on the NAND market because Apple is one of the largest buyers of flash-memory for its iPods.
This may have an impact on suppliers’ financial results, such as STMicroelectronics (NYSE: STM) and Micron Technology (NYSE: MU)
Apple (Nasdaq: AAPL) cut its 2008 NAND order forecast and told suppliers that its demand will slow in 2008 compared to 2007, says iSuppli contacts. This is expected to have a significant impact on the NAND market because Apple is one of the largest buyers of flash-memory for its iPods.
This may have an impact on suppliers’ financial results, such as STMicroelectronics (NYSE: STM) and Micron Technology (NYSE: MU)
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