FORTUNE — Most Asian journalists covering Pegatron’s investor conference Wednesday focused on the fact that the Taiwanese electronics manufacturer’s first quarter profits were up more than 80% year over year.
The theme of Thursday’s second-day headlines in the U.S. was that Pegatron is on a hiring spree, boosting its workforce 40% and anticipating that communications products would drive revenue increases in the second half of 2013 — all of which somehow fueled speculation that the company might be building a lower-cost iPhone for Apple (AAPL).
But Bloomberg’s Tim Culpan came away from Wednesday’s conference with a different story, one with an anti-Apple slant that got widely picked up. (See here, here and here.)
Focusing on the fact that after growing 162% year over year in Q1 Pegatron’s revenues from consumer electronics were expected to fall 25% to 30% sequentially in Q2, he set out to pin the blame on the iPad mini.
Read also:
Pegatron CEO refutes report about waning demand for Apple's iPad mini (Apple Insider)
Pegatron CEO says Bloomberg reporter made up report of 'falling iPad mini … (9 to 5 Mac)
Yet another Apple supplier reports falling demand for products [updated] (BGR)
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