It’s looking more and more likely that Apple investors were taken for a ride on Tuesday after some idle “chatter” (supposedly heard) between Goldman Sachs traders sent the stock down almost $10 or 7% — their biggest drop in more than two years. Specifically, Apple had supposedly cut iPhone production from 9 to 4.5 million units. Since then, the rumor has been largely dispelled through a lot of uncomfortable chair-shifting and egg-faced hemming and hawing in the pages of the financial rags. Perhaps more objectively, however, is a brief piece by the DigiTimes who, like the iPhone’s manufacturer and many of its component suppliers, call Taiwan home. According to the DigiTimes then, “sources at Taiwan-based component makers have said iPhone shipments schedules are still on track as before these developments.” Sure, DigiTimes may have been spectacularly wrong about the G5 iBook and Powerbook, but the accuracy of their insider information has been improving of late. Still, it’s hardly the final word on a matter which likely won’t get resolved until Apple’s next financial call in October.
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