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Apple (AAPL) chip suppliers tumbled Tuesday on Wall Street after the iPhone 6S maker reportedly cut its November orders by 10% to cope with waning Asian demand. The cuts were “sooner and deeper” than anticipated, Credit Suisse analyst Kulbinder Garcha wrote in a research report. Wall Street initially viewed a 5% chop off December orders. Garcha shaved 6% off his calendar 2016 earnings per share (minus items) estimate to $9.81, but reiterated an Scalper1 News
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