It's looking more and more likely that Apple investors were taken for a ride on Tuesday after some idle "chatter" (supposedly heard) between Goldman Sachs traders sent the stock down almost $10 or 7% -- their biggest drop in more than two years. Specifically, Apple had supposedly cut iPhone production from 9 to 4.5 million units. Since then, the rumor has been largely dispelled through a lot of uncomfortable chair-shifting and egg-faced hemming and hawing in the pages of the financial rags. Perhaps more objectively, however, is a brief piece by the DigiTimes
who, like the iPhone's manufacturer and many of its component suppliers, call Taiwan home. According to the DigiTimes
then, "sources at Taiwan-based component makers have said iPhone shipments schedules are still on track as before these developments." Sure, DigiTimes
may have been spectacularly wrong about the G5 iBook and Powerbook
, but the accuracy of their insider information has been improving of late. Still, it's hardly the final word on a matter which likely won't get resolved until Apple's next financial call in October.