Analyst: Apple iPhone 5, game over

Analyst: Apple iPhone 5, game over
Following a downgrade of Apple's shares by Citigroup, shares of Apple's suppliers are dropping sharply Monday morning. One analyst by the name of Jeff Pu, who works for Taipei-based Fubon Financial Holding Co., told clients that "The most important message is ‘iPhone 5 is game over,’ as demand appears to be weaker than expected -- i.e., US peaking, China launch just so so." Earlier Sunday night, Apple CEO Tim Cook raved over the 2 million units of the Apple iPhone 5 sold in China over the weekend. Cook said it was the largest launch weekend sales figure for the device in the country.

On Monday, Citigroup analyst Glen Yeung downgraded Apple to neutral from buy, which is Wall Street-speak for "sell". He reduced his target on the stock to $575 from $675 after supply chain checks showed that Apple was cutting orders which Yeung says raises questions about the strength of the Apple iPhone 5.

Foxconn parent Hon Hai Precision is down 5.5% on Monday to lead the drop in Apple suppliers' stock prices. Apple's shares declined 3.79% on Friday and is poised to open lower on Monday morning on NASDAQ as well. On December 5th, on fears that the Nokia Lumia 920T being offered on China Mobile would replace the Apple iPhone 5 in popularity in China, Apple's shares dropped 6.4% or $35 billion. That was the steepest drop in any U.S. stock since 1988.

Other analysts have said that Apple has lost a step or two. Check out some of those comments below.


source: Bloomberg

UPDATE: In pre-market trading Monday morning, Apple is below $500 at $499.01 bid-$499.82 offered.

Related phones

iPhone 5
  • Display 4.0 inches
    1136 x 640 pixels
  • Camera 8 MP (Single camera)
    1.2 MP front
  • Hardware Apple A6, 1GB RAM
  • Storage 64GB, not expandable
  • Battery 1440 mAh
  • OS iOS 10.x

FEATURED VIDEO

102 Comments

101. phonemirer

Posts: 111; Member since: Dec 07, 2012

why apple is so hated on ?? -biased people and biased internet -overated and overprized products and people think they re the best because the re the most expensive - low durability - pretty much the same os since 2007 - apple suing every company

99. Droids-R-us

Posts: 35; Member since: Sep 17, 2012

Hi Wendygarett, just thought I would say, not all fandroids are smart but all Androids are :) People like me who buy the top Android phones buy them because they are simply the the smartest as opposed the being the simply the simplest. (you know what phone I am hinting at) Most Android fans are very bright, you need to be smart to work out how to use them ;)

93. lubba

Posts: 1313; Member since: Jan 17, 2011

Don't worry, the i5s is coming in a couple of months. They'll add some little addition to the same ole product to lure the ipholks back. Its a strategy that's works for Apple.

91. dex-4

Posts: 22; Member since: Dec 09, 2010

Apple is going to echo the housing market.

89. jibraihimi

Posts: 816; Member since: Nov 29, 2011

I don't believe what analysts predicts, because most of their predictions are always wrong, out of 100% only 1% of their pdredictions are right, and then they create so much media coverage on those 1% correct predictions that people forget their 99% failures............ In my opinion analysts are bunch of people who are smoking crack all the time, and making out charts when they are very high............... I'm not fan of Apple or love their products, but I'm just trying to be rational, because news of 2millions iPhone 5 selling in first weekend in china is sure to take the Apple's share higher, because it was bad news from china which brought the share down......... I think apple will start to go down after the launch of iPhone 5s, if they are unable to bring Any drastic changes to the UI of ios on idevices.................but if their is new UI then fanboys will again line up in droves to buy over expensive igadget..........

82. sithvenger

Posts: 371; Member since: Aug 25, 2012

Some one should fire that analyst, even if the ip5 doesn't do as well as it should, it's still far from game over

79. fanboy1974

Posts: 1345; Member since: Nov 12, 2011

NASA, prepare for landing. Apple is coming home.

78. Michelle_lopez

Posts: 3; Member since: Dec 17, 2012

Smelly Apple try this taste, I do not like to see the news every day in that other brand-name in difficulties, Samsung and Apple has been a good result, I use the phone, and different from the others because I do not want othersnot the same product only share her friends with iphone samsung I used MOTO RAZR MAXX HD, currently Apple fans and the the Samsung fans very proud, waiting for to be surpass

76. tedkord

Posts: 17532; Member since: Jun 17, 2009

Apple are far from over, but they are losing their luster. The RDF has definitely decreased drastically without Steve Jobs. My buddy at work, who has owned iPhones since the OG, skipped the 4s because he recognized it was just the same phone he already had (the iPhone 4), and waited for the iPhone 5. Now that its out he went out and got a Galaxy Note 2, just last week. And he couldn't be happier. Bit of a learning curve for him, but I'm there to help as much as I can. He doesn't miss the iPhone at all, and loves watching movies on that huge screen.

71. cncrim

Posts: 1590; Member since: Aug 15, 2011

This is good for all of us bc now Apple force to change the same old ios and thier iphone ipad. The end it is good for comsumer like us.

64. tiara6918

Posts: 2263; Member since: Apr 26, 2012

Apple, this is what happens when you keep on releasing the same thing again and again. People are no longer amazed by the innovation you once have had before

58. badini007

Posts: 18; Member since: Jul 02, 2012

In our office 3 guys switched to android (SGS3) in this month only and I never thought that these guys will ever think of changing to a different OS.

55. rusticguy

Posts: 2828; Member since: Aug 11, 2012

Price paid for Patent Trolling ... they still have time and opportunity to throw in the towel as far as their Thermonuclear stupidity goes and get back to real work rather than stretching or squeezing screen sizes ...

50. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

I abhor being wrong! I initially gave it 3-5 years after the passing of Steve Jobs before we saw the bubble deflate. Something I'm wondering about.. 2 milion sales sounds very impressive, but how does that compare to sales of handsets from other manufacturers in the Chinese smartphone market? Given there are more than 1 billion mobile subscribers (and more than 250 million smartphone users) in China, that's what... less than 1/100th of the smartphone market when Apple's greatest sales numbers posted are always highest at release?

40. Arthurhkt

Posts: 728; Member since: Apr 19, 2012

As a business student, i could say that actually eventually every business had their peak period and low period, there is no company that just be the forever dominant player in the market, let just say, Microsoft, Nokia and now Apple, there will be moment where they be on the peak and drop to the lowest and start climbing again, sorry to say this but i could say that in future Samsung may face this problem as well, but not so soon due to currently they are doing pretty well globally. Lastly, let stop the fanboy war, everyone has their own choice to buy anything they want, let just respect their choice and with more choices it is good to us too, so every company have to compete each other by implementing their own way of innovation products for us. Without competitors usually company eventually will getting more lazy and lazy....

46. amiaq

Posts: 509; Member since: Jun 30, 2012

Prime example is Apple

74. cncrim

Posts: 1590; Member since: Aug 15, 2011

Amen. You nails it.

37. techloverNYC

Posts: 601; Member since: Nov 20, 2012

Iphone is not a phone its a lifestyle, a brand, an image, that why specs and prices dont matter. In the world of andriod specs matter too much that new and more powerful phones come out weeks after weeks. Your high end new phone will be mid level phone in half a yr. Andriod : No icon, No brand, No image, any1 can recall any andriod model from 2 years ago or 1 year ago from mind?

44. iDroidWin

Posts: 117; Member since: Dec 07, 2012

HTC Desre, Desire HD, Samsung SII, Note, Xperia, Xperia ARC, Xiaomi MI 1. PS: You made yourself look like a fool who cares about what other people think and superficial things. Move on buddy. Serious advice.

66. rusticguy

Posts: 2828; Member since: Aug 11, 2012

Lifestyle my foot! How can it be a symbol of lifestyle when there's no "Life" to it's "Style" ... it's same old monotnous brick year after year for everyone who own it.

68. amiaq

Posts: 509; Member since: Jun 30, 2012

Poor lifestyle throw in some pretty bad decision.

70. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

What do you think of fashionloverNYC. You should serious consider this nick instead.

24. potatosalad

Posts: 40; Member since: May 07, 2012

but, if someone would give me a free iPhone, i would love to have it :)

34. iDroidWin

Posts: 117; Member since: Dec 07, 2012

So would I. Its been a while since I can toss a phone without caring about it.

35. -box-

Posts: 3991; Member since: Jan 04, 2012

...sure, to sell to some fool...

80. JunkCreek

Posts: 407; Member since: Jul 13, 2012

yes, me too. i'd really love to have it then to sell it again to get two hi/med end android devices to share with my wife.

22. henrickrw

Posts: 408; Member since: Sep 16, 2011

Apple is done for life!

10. SamsungFan

Posts: 201; Member since: Apr 16, 2012

Soon apple will fall......

56. phil2n

Posts: 519; Member since: Apr 30, 2012

The end is near...

9. apocalypsebc

Posts: 148; Member since: Dec 07, 2010

SMH... What does this mean for WP8?!

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.
FCC OKs Cingular's purchase of AT&T Wireless