Apple and Suppliers Face Unanticipated Sales Slump Despite New Launches
Portfolio Pulse from Anusuya Lahiri
Apple Inc and its key suppliers are facing a significant sales slump despite the recent launch of new devices. Taiwan Semiconductor Manufacturing Co experienced a 13.4% sales drop, while the broader group of major assemblers and component makers saw a decline of 16.4%. The overall decline has resulted in an 8.8% slump for the first nine months of the year. The AI industry's growth, particularly in server sales, is anticipated to double in 2024.
October 12, 2023 | 12:45 pm
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POSITIVE IMPACT
The resilience of TSMC probably reflects the sustained demand for artificial intelligence accelerators it produces for Nvidia Corp.
The sustained demand for AI accelerators could positively impact Nvidia's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Companies like Xiaomi Corp are also expanding their portfolios, yet the industry is grappling with a slowdown that began in 2022.
While Xiaomi is expanding its portfolio, the overall industry slowdown could neutralize any potential positive impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Companies like Xiaomi Corp are also expanding their portfolios, yet the industry is grappling with a slowdown that began in 2022.
While Xiaomi is expanding its portfolio, the overall industry slowdown could neutralize any potential positive impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Apple Inc is facing a significant sales slump despite the recent launch of new devices.
The sales slump indicates a decrease in demand for Apple's products, which could negatively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Taiwan Semiconductor Manufacturing Co experienced a 13.4% sales drop.
The significant drop in sales could negatively impact TSMC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100