The latest news shows that shares of Apple were down more than 25% last month from a September high of $705.07 as investors began to panic about Apple’s future. The stock has bounced back slightly since late November, however a new report questioning Apple’s biggest money-earner could sour investor sentiment yet again.
The analyst trimmed Apple’s iPhone sales estimates by 5 million units this fiscal year, and iPad sales estimates were cut by 2 million units. But the most alarming part of his note comes in the form of an observation from his supply chain sources.
The UBS analyst sees iPhone production dropping to 25 million units in the first calendar quarter next year, which doesn’t bode well at all for June-quarter sales. Apple could get an early pick-up in 2013, however, as earlier reports suggest Apple might launch a refreshed iPhone 5S next summer.