TE Connectivity (TEL) Declares $0.40 Quarterly Dividend; 1.6% Yield
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Morgan Stanley Cautious on Apple (AAPL) Suppliers; 'This Looks More Severe than Simply Weaker iPhone X'
February 5, 2018 8:56 AM ESTMorgan Stanley issued a cautious note on Apple (NASDAQ: AAPL) suppliers noting iPhone weakness is driving a sharp inventory correction. Moore said the disappointing iPhone units combined with an inventory overbuild should continue to have a pronounced impact on Apple suppliers and the smartphone segment more broadly.
"Apple's weaker units, and weaker aggregate smartphone units overall, create some obvious concerns for semis, and looking at its balance sheet, channel inventory, and off balance sheet purchase commitments elevate those concerns
further," he commented.
He sees... More
