A group was formed by White which picked up 9 suppliers and gave them the name Apple Monitor‐ The purpose of this group was to keep an eye on the flat sales that has been going on, on a monthly basis. This information that was provided by Forbes stated that as on the month of January, the group feels that there will be an 11% average decline of sales.

The identities of the Monitor companies have not been revealed. However what is known is that the group excludes Pegatron and Foxconn deliberately. It is said that a lot of Apple products are assembled at these two firms.

The financial report that was reported in December by the company’s suppliers which also included Foxconn stated that there were setbacks financially. The report was validated that the company was reducing the orders for iPhone 6S and 6S plus by 30% for the quarter that would end in March. The maneuver was described by Nikkei not as a weak demand reflection but an inventory adjustment.

Nevertheless, the company is heading to its first decile of year over year sales in iPhones for the present quarter. Tim Cook, the company’s CEO has put the blame on the malaise global economics and also on a successful quarter of March 2015.

It is said to believe that the supplier recovery for January on iPhone sales is said to see a positive climb towards the completion of the 2nd quarter, which ends in the month of June. The company depends on the revenue that is earned by the iPads, Macs and iPhones. As of right now, the price target for Apple stocks that is being held by White has a buy rating of $200. It is also believed that even though the brakes were applied by the company in December, the month of January has been very positive for the suppliers.