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Sat, Jul 04, 2009 - 11:16 PM EDT  —  AAPL: 140.02 (-2.81, -1.97%)  |  NASDAQ: 1796.52 (-49.20, -2.67%)

Wolfson warns of fall in profits as Apple looks elsewhere for iPod chips
Friday, October 03, 2008 - 09:16 AM EDT

"Wolfson Microelectronics, the Edinburgh-based manufacturer of semiconductors, warned yesterday that declining sales of mobile phones, digital cameras and satellite navigation systems would slice up to 20% off its end-of-year revenues," Terry Macalister reports for The Guardian.

"Shares in the company, whose chips are used in devices such as Samsung mobile phones and TomTom satnav devices as well as in Apple's iPod range, dropped nearly 25% yesterday after it said it had seen a "material reduction" in orders over the past few days," Macalister reports.

"Wolfson, which had started to cut jobs in the summer after not being chosen by Apple to supply parts for the latest generation of iPod touch and iPod nano portable devices, said it was suffering from lower demand from all its customers," Macalister reports.

Full article here.

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Oct 03, 08 - 09:25 am Comment from: ElderNorm

Hmmm,
Just a thought here.... grin
Apple left............ so there is NO indication here that Apple is decreasing orders....
Other companies are decreasing orders so they are expecting to sell less......

Is it possible that Apple is selling so many (parts bought elsewhere) that everyone else is selling less.......

Just a cheery thought. grin
en

Oct 03, 08 - 09:28 am Comment from: ElderNorm

Woo Woo, ..... first.

Is anyone out there?

( deep silence. )

Hello........... any one.............any one........ Beuller, Beuller??


en

Oct 03, 08 - 09:29 am Comment from: Nick Fury

<crickets>

Oct 03, 08 - 09:49 am Comment from: Gil

Good Morning en....

Oct 03, 08 - 09:54 am Comment from: Macaday

I thought Wolfsen shares fell through the floor because Apple dropped them as a supplier??

Oct 03, 08 - 10:03 am Comment from: Macaday

Between the Guardian and MDN their appears to be confusion... the Apple news was from March this year.

Todays news is only about the reduction in orders:

http://www.wolfsonmicro.com/whatsnew/press/press/PI312/

Best get it from the horses mouth as they say...!

Oct 03, 08 - 10:12 am Comment from: Mister Snitch

It'll be interesting to see if analysts misconstrue this as a sign of weakness in Apple sales.

Oct 03, 08 - 11:11 am Comment from: ken milouse

Guardian appears to be one of those anti Apple sites looking for hits. Maybe zdnet bought them too. This is getting out of hand.

Oct 03, 08 - 01:46 pm Comment from: john

Only 80,000 iPhones sold in Spain since launch... much much less than expected.

Apple made a big mistake parntering with the Spanish mobile company Movistar - they treat their customers like shit. No wonder take up has been poor.

Where is the innovation Apple?

Oct 03, 08 - 03:03 pm Comment from: HueyLong

@ken milouse:

"Guardian appears to be one of those anti Apple sites looking for hits. Maybe zdnet bought them too."

The above comment is so far off the mark it's embarrassing. And by the way, the newspaper's masthead is: The Guardian.

Read and learn first.

Oct 03, 08 - 06:34 pm Comment from: The Grauniad

In Episode 4 of the second series of Yes, Prime Minister, Jim Hacker says:
"I know exactly who reads the papers:
The Daily Mirror is read by people who think they run the country;
The Guardian is read by people who think they ought to run the country;
The Times is read by people who actually do run the country;
The Daily Mail is read by the wives of the people who run the country;
The Financial Times is read by people who own the country;
The Morning Star is read by people who think the country ought to be run by another country;
and The Daily Telegraph is read by people who think it is."

Sir Humphrey: "Prime Minister, what about the people who read The Sun?"

Bernard Woolley: "Sun readers don't care who runs the country, as long as she's got big tits."

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