https://www.bloomberg.com/view/articles/2018-08-28/tech-inventories-are-near-pre-crisis-levels-as-growth-is-slowing
 
All of these companies are achieving inventory levels that are 20 to 30 percent increased YoY (year over year), with the exception of Apple, which doubled its inventory. At the same time, that the turnover period for stocks (that is, the time it takes for old stock to be sold and rotated for new inventory) is slowing is an interesting pointer for not only decreased demand, but also overproduction. And as we've seen with some companies which have had to write-downs millions of dollars in unsold hardware, though, these downturns have very real implications for companies' bottom lines - and hence, their share value. Of course, this could have a cascading effect throughout the industry. Many of these surpluses have to do with the recent China/US trade war. 

kram36
It has ZERO to do with US/China trade. The issue is the tech is old and people want new tech. By the end of the year we will have all kinds of new tech coming to market and companies will enjoy a pick up in sales.

True That.

kram36
It has ZERO to do with US/China trade. The issue is the tech is old and people want new tech. By the end of the year we will have all kinds of new tech coming to market and companies will enjoy a pick up in sales.

Even Apple is stockpiling iPhones. I have a feeling that they will ship huge amounts of iPhones to China at the last minute if China decides to announce an Apple embargo or tariffs on Apple products.