Company Of The Day: Apple
What?
Apple (NASDAQ:AAPL) is likely to cut its iPhone 13 production targets by as much as 10 million units for this year due to a shortage of semiconductor components, per a report from Bloomberg.
So What?
- Down 10% This Year, Will Gen AI Tools Help Apple Stock Recover?
- Down 5% Over The Last Month, Will Strong iPhone Sales Help Apple Offset Mac Headwinds In Q1?
- After Over A 40% Rally In 2023, Will Antitrust And iPhone Issues Hurt Apple Stock?
- Up 45% Since The Beginning Of 2023, Where Is Apple Stock Headed?
- Up 34% This Year, Will Apple Stock Rally Further Following Q4 Results?
- Will New iPhones Help Apple Stock Offset A China Slump?
The iPhone remains the largest driver of Apple’s business, accounting for $39.6 billion of the company’s $81.4 billion in revenue over Q3 FY’21. Now a production cut could hurt sales and profits to an extent over the lucrative holiday quarter. Apple stock fell by about 1.5% in after-hours trading on Tuesday.
See Our Complete Analysis For Apple
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