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       #Post#: 62--------------------------------------------------
       Supply Chain Indicators Point to Poor February for Apple
       By: Apple Team Date: April 2, 2013, 10:43 am
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       Supply Chain Indicators Point to Poor February for Apple
       Citigroup's recent claim that Apple would miss its own Q1/Q2
       revenue forecasts has been lent weight by Topeka Capital's Apple
       Monitor reporting that key Apple suppliers had a "terrible"
       February.
       The monitor, which tracks the results of Apple's key suppliers,
       is compiled by Topeka Capital's Brian White, an analyst normally
       bullish on Apple.
       When [supplier] results are good, it usually means good things
       for Apple. When the results are bad, watch out.
       White says the February results for his Apple Monitor were down
       31 percent sequentially, which compares to the typical 8 percent
       decline. Even if you factor in the Chinese New Year, he
       stillsays it's bad.
       The Chinese New Year tends to result in significantly reduced
       production, but White calculates that factoring that in still
       results on a fall in production of 15%, amounting to "the worst
       February we have on record." White goes on to observe that most
       of the preliminary Taiwan monitors show weak results, suggesting
       that the slowdown is affecting the whole industry, though
       Apple's supply chain figures appear worse than most.
       Last month, research firm NPD revealed surprisingly strong Mac
       and iPod sales in the U.S. for the month of January,but with
       those product families accounting for smaller and smaller
       proportions of Apple's revenue, iPhone and iPadsales have become
       the primary drivers of Apple's performance.
       Apple CEO Tim Cook has cautioned against readingtoo much into
       supply chain reports, noting thatthe company has multiplesources
       for many components and that yield rates may vary over time, but
       Topeka's Apple Monitor attempts to take some of those
       fluctuations into account by taking a broader view spanning a
       number of companies within Apple's supply chain.
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