Tech Business Roundup: Foxconn Aids Apple Again, Amazon Secretive on Kindle Sales
Foxconn (HNHAF.PK) will manufacture Apple’s (NASDAQ:AAPL) much anticipated 7-inch iPad, and it will be introduced in August, says sources linked with Digitimes. Also predicted by the site, is that the next iPhone will debut in September, and that a new 10-inch iPad will come forth in the fourth quarter.
Amazon (NASDAQ:AMZN) does not reveal specific figures on its e-ink Kindle sales, but the e-ink display manufacturer major E Ink remarks on demand for such products in general by saying “Our major customer was too optimistic about its sales in the fourth quarter of last year and ordered too much from us. That made the customer order almost nothing from us in the first quarter.”
MEMSIC (NASDAQ:MEMS) released its first quarter numbers, and its shares went over the cliff. Earnings per share of 5 cents exceeded consensus by 8 cents, but second quarter guidance of losses between 4 and 6 cents, and revenue in a range of $14 million to $16 million, compared to estimates of 3 cents and $23.1 million, respectively, took their toll. A substantial drop in smartphone design wins with a major customer (Samsung?), was blamed. Meanwhile, peer chipmaker InvenSense (NASDAQ:INVN) shares did much the same last week post-earnings.
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