Supplier Demand
Apple Bulls Can Find Cheer in Taiwan
Fresh sales results from Apple's main supplier may keep sentiment high.
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It's not often that Apple Inc. analysts downgrade the stock. And with a 52 percent run-up this year, you can understand why the bulls have pummeled the bears.
Head over to Taiwan, though, and you'll notice that sell-side pundits have been concerned about shares of iPhone assembler Hon Hai Precision Industry Co. for about three months. Hon Hai is the Taipei-listed flagship of Foxconn Technology Group and gets half its sales from that one client from Cupertino, California.