iPhone 5 Rumors: Precipitous Drop in Wintek Sales Might Mean Change in Apple Touch Panel Suppliers
This has led to speculation that the company may no longer be one of Apple’s top panel suppliers. Apple has been rumored to be featuring in-cell touch panels for the sixth-generation iPhone, a technology Wintek does not provide.
Brian White, an analyst from Topeka Capital Markets, said that Wintek’s 33.6 percent month-on-month sales decrease in June, was the biggest drop he had observed in close to four years. He did add that Wintek’s sluggish performance may indicate a change in the guard in terms of Apple suppliers, but not necessary a possible decrease in Apple touchscreen device sales.
In more disconcerting news for the Taiwanese company, Wintek stocks hit an in-day low of 15.80 on Tuesday, which is a far cry from their 52-week high of 38.64 posted on July 21, 2011.
Signs of Wintek falling from favor in the eyes of Apple started a few months ago, when it was reported that the Cupertino, CA company may be using thinner in-cell touch panels on the iPhone 5. Some of the companies considered by Apple include Toshiba Mobile (6502:T) and Sharp Corp. (6753:T).
White also mentioned that over 50 percent of Wintek’s sales came from Apple, as they had previously been a primary supplier of iPhone and iPad touch panels.