Across the pond, when shares of Dialog Semiconductor opened for trading in Germany this morning, they were lower right off the bat by around 18% and now are trading just off over 4% on almost 3.5x the normal daily trading volume.
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After all, we have been hearing about this December quarter and March quarter (Apple FQ1:16 & FQ2:16) weakness from the sell-side even before the September quarter (Apple FQ4:15) numbers were out.
Maybe shareholders are finally sick and tired of all the "channel check", supply chain check" and "Asia tech team" nonsense.
Having said that, this warning is straight from the horse's (suppliers) mouth but then again no one knows how much of Dialog's revenues are directly derived from Apple.
In addition, a slow-down in orders could also mean that Apple and it's entire supply chain has become a lot more efficient at inventory management, no?
One final but extremely important point to also consider is that maybe the lowered guidance from Dialog has nothing to do with Apple and has everything to do with the company's remaining mobile business or non-Apple or Android based smartphones business showing weakness as Apple continues taking market share away?
Something to think about for sure with your morning java and bagel.
(long AAPL, long and short calls)
