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Analyst: February bad month for Apple suppliers

Posted: , posted by Alan F.

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Analyst: February bad month for Apple suppliers
According to Brian White, an analyst with Topeka Capital, February was a bad month for Apple's suppliers. During a normal February, the vendors he tracks usually come in with an 8% drop in revenue for the second month of the year. For 2013 though, the decline was 31%, and according to White, it was the worst February on record. Even taking into account that the Lunar New Year took place right in the middle of the month, February 2013 was extremely poor for Apple suppliers.

As we told you on Sunday, contract manufacturer Foxconn reported a 25% drop in revenue in February from the prior year and analysts put some of the blame on smaller shipments of smartphones. Despite this news, Foxconn and TSMC, a chip foundry rumored to be getting large orders from Apple as a replacement for Samsung, are each adding 5,000 jobs. Both companies posted recruiting notices at an event attended by graduating university students. Foxconn is said to be looking to fill openings related to research and development for automated production, e-commerce, and robots. TSMC is looking for equipment managers.

source: electronista

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