Apple Falls on iPhone Demand Report, Weighing on Suppliers
Comment of the Day

December 02 2021

Commentary by Eoin Treacy

Apple Falls on iPhone Demand Report, Weighing on Suppliers

This article from Bloomberg may be of interest to subscribers. Here is a section:

Apple Inc. shares dropped after the iPhone maker was said to tell suppliers that demand for its flagship product has slowed, taking the shine off their recent record high.

Eoin Treacy's view

Apple announced last month that it was having difficulty sourcing sufficient chips to meet demand. Today’s announcement suggests they may be under less pressure going forward as supply and demand come back into balance.

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