Quit your worrying. In short, that’s what one analyst Wednesday is telling nervous observers concerned over a report that Apple reduced orders for the iPhone 5 during the March quarter.
Instead, the reduction in orders could signal a more efficient supply stream and greater profit for investors.
As we reported earlier this week, Citi’s Glen Yeung kicked off the hand-wringing by downgrading Apple stock to ‘Neutral’ from ‘Buy’, citing increased competition and the lower iPhone 5 orders. Other Wall Street analysts piled on, cutting their price targets for shares of the iPhone maker. Now J P Morgan analyst Mark Moskowitz is the latest to say the reduced orders may not mean lower demand for the new Apple handset…(...) Read the rest of Analyst: iPhone 5 order cut no cause for alarm