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Apple's record streak at risk amid reports of iPhone hurdles

Published 05/10/2017, 03:48 PM
© Reuters.  Apple's record streak at risk amid reports of iPhone hurdles
AAPL
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  • After three straight record high closings -- where it became the first U.S. company to be worth $800B -- Apple (NASDAQ:AAPL) is off 0.7% amid reports that production problems may slow its next iPhone.
  • The company was said to be readying three iPhones for launch (including a top model), putting pressure on the release timeline. Now a report from KGI Securities' Ming-Chi Kuo points to growing probability of the "worst-case scenario" for shipments.
  • With the major component upgrades facing production difficulty, he's dropping his shipment prediction to 80M-90M units from a previous 100M-110M units, vs. a broader consensus of 100M-120M units.
  • Production ramp of an OLED iPhone could push to October or November vs. a usual August-September, spurring "severe supply shortages" for some time after launch, he says.
  • Now read: Apple: Worry About The Downside, The Upside Will Take Care Of Itself


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