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Raymond James: Apple hasn't begun final production of iPhone X

Published 09/20/2017, 04:31 PM
© Reuters.  Raymond James: Apple hasn't begun final production of iPhone X
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  • Raymond James analyst Christopher Caso says Apple (NASDAQ:AAPL) hasn’t started final production on the iPhone X due to a late delay, which could push back device supplies to December. Pre-orders for the iPhone X start October 27.
  • In a note obtained by Barron’s, Caso writes that the “production start is about a month later when compared to expectations a month ago, and about 2 months later than expectations at the end of June.”
  • Caso also has bad news for optical component supply companies like Lumentum (NASDAQ:LITE), saying that China Mobile’s expected large fiber optics order could be delayed “beyond December.”
  • Apple shares closed today down 1.68%.
  • Lumentum shares closed down 4.39%.
  • Previously: Apple issues statement on Watch cellular connection issues (Sept. 20)
  • Previously: Rosenblatt: iPhone 8 pre-orders lower than previous models (Sept. 20)
  • Now read: Apple: The World's Largest Bond Fund


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