Watch Meadville Before Apple iPhone Launch
Amid media hoopla about Apple launching much-awaited iPhone on June 29, one stock on investors'' radar screen is Meadville (3313.HK). Meadville is key PCB supplier to Apple for both iPods and computers (Apple was Meadville''s 2nd-largest customer in 2006 according to UOB-KayHian). Management indicated it also supplies PCBs for iPhone, so launch of iPhone, if well received (likely to be) will be catalyst for Meadville. Worldwide cellphone sales about 1 billion units a year, Apple aims to take 1% market share, meaning company would sell 10 million iPhones. Stock down 1.9% at HK$2.06 on modest volume
Amid media hoopla about Apple launching much-awaited iPhone on June 29, one stock on investors'' radar screen is Meadville (3313.HK). Meadville is key PCB supplier to Apple for both iPods and computers (Apple was Meadville''s 2nd-largest customer in 2006 according to UOB-KayHian). Management indicated it also supplies PCBs for iPhone, so launch of iPhone, if well received (likely to be) will be catalyst for Meadville. Worldwide cellphone sales about 1 billion units a year, Apple aims to take 1% market share, meaning company would sell 10 million iPhones. Stock down 1.9% at HK$2.06 on modest volume
