Electronics Production |
Xbox 360 pushes up Flextronics
EMS-Provider Flextronics shares are down about 25% from this year's high, however Morgan Stanley has upgraded Flextronics' stock thus the company is doing better thanks to the handset-production and Microsoft's new Xbox 360, Forbes report.
According to Forbes, Flextronics shares are down about 25% from this year's high, but analysts has concluded that investor concerns over future EMS business market share loss to ODMs seem exaggerated.
Analysts expects Flextronics to benefit from its exposure to the fast-growing handset market and Xbox 360 build over the next year. According to Forbes, an analyst is modeling roughly $450 million in incremental revenue from the Xbox 360 for 2006.
