GT Advanced, the supplier of “sapphire” — the revolutionarily tough new glass front that supposedly will be on the new iPhone — just up’ed the low end of their EPS range… from 8-18 cents to 12-18 cents.
Quizzicall, analyst Jonathan Dorsheimer from Canaccord Genuity just cut his price target on the company, stating he doesn’t see how GT Advanced can get there.
He could take this position for any number of good reasons.
But, what struck me is maybe he (and other analysts) are thinking different volumes than Apple and its suppliers are?
Certainly knowing whether revenue was adjusted upwards would give us a better tell in this situation… since that’s a better indication of Apple orders and not necessarily what happens operationally as GT Advanced tries to satisfy those orders.
Still, maybe Apple’s suppliers know something the analysts don’t right now?
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