The explanation for theweak guidance: higher component costs, back-to-school discounts and a mysterious "product transition" will cause Apple earnings to come in lower than expected.
Rubicon Technology reported on Thursday that its fourth-quarter profit dropped 94% as weak demand continued to hurt the electronic-component supplier's sales.
There's a nod to eco-friendliness with relatively low emissions, but the hybrid component mostly powers a KERS system that fills out the few weak points in the torque band.
Kicking off earnings season, Alcoa posted second quarter results after the bell on Monday, hitting EPS expectations of 32 cents right on the head as the Dow component realized higher prices and saw increased demand, despite a weak U.S. dollar and rising energy and material costs.
Earlier this week, multiple reports surfaced in the media claiming that Apple has cut back its LCD screen and other iPhone component orders due to weak demand.