- Apple’s (NASDAQ:AAPL) upcoming premium iPhone 8 had early manufacturing problems that will cause supply issues and shipment delays, according to sources of The Wall Street Journal.
- The sources say production glitches set the timeline back a month, which could create extended delays that exceed the initial sale window and drag down estimates.
- The problems were tied to Samsung’s production of OLED panels and difficulty embedding a fingerprint scanner into the display. The Touch ID route was abandoned for a password or facial recognition entry.
- The WSJ report backs up months of rumors that the switch to OLED was hitting bumps and would likely cause release issues.
- Apple is working to reduce its dependency on Samsung (KS:005930) but LG’s OLED entrants might not be ready until 2019.
- Previously: Apple won't have second OLED supplier until 2019 (Sept. 7)
- Apple share are down 0.57%.
- Now read: My 5 Favorite Dividend Investments Of 2017
Original article