Darkstorm viewer mac5/27/2023 ![]() ![]() Notable Apple ( AAPL) suppliers, including Skyworks Solutions ( SWKS), Qorvo ( QRVO), Taiwan Semiconductor ( TSM) and Qualcomm ( QCOM), were not impacted by the announcement and were largely higher in premarket trading.īank of America analyst Wamsi Mohan tweaked his estimates for the upcoming quarter to 78M iPhone shipments, down from 84M shipments, with the drop split equally between iPhone 14 Pro and iPhone 14 Pro Max models. "While the Zhengzhou and Foxconn situation in China remains an ongoing albatross for Apple, our positive thesis on the demand story during this economic dark storm for Apple remains unchanged and would be buyers on any knee jerk weakness this morning as the Street digests this news," Ives wrote in a note to clients.Īpple ( AAPL) shares were fractionally higher in late trading on Monday after having been down 2% at one point earlier in the session. Wedbush Securities analyst Dan Ives, who has an outperform rating and a $200 price target on Apple ( AAPL ), called the situation "very frustrating" both for the company and its investors, but added it is not a demand issue, but rather one of supply. ![]() ![]() Apple ( NASDAQ: AAPL) shares erased losses on Monday as some analysts said they would be buyers on weakness despite the tech giant's announcement that COVID-19 lockdowns in Zhengzhou, China are impacting iPhone 14 Pro production.
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