“Apple shares fell slightly on Thursday afternoon after a report from The Wall Street Journal said that the upcoming iPhone suffered from ‘production glitches,'” Anita Balakrishnan reports for CNBC.
“According to the Journal, the new $1,000 iPhone, set for to be revealed on Tuesday, could suffer shipping delays,” Balakrishnan reports. “The report comes after several Wall Street analysts have predicted delays for the iPhones, including top analyst Ming-Chi Kuo, who reportedly predicted the manufacturing difficulties in research notes for KGI Securities.”
“Shares of Apple’s stock dipped to around $161, down a hair from the day’s high of $162.24 a share,” Balakrishnan reports. “Shares of Foxconn Technology, an Apple supplier, also fell in the afternoon.”
Read more in the full article here.
MacDailyNews Take: The best this WSJ rehash could provoke from AAPL shareholders who pay even a modicum of attention to company news are yawns.
SEE ALSO:
WSJ sources confirm rumors of iPhone 8 production issues – September 7, 2017
Apple’s OLED iPhone launch is likely delayed to November, supplier says – August 10, 2017
All three of Apple’s new iPhone models – two TFT LCD and one OLED model – have entered volume production – August 9, 2017
KGI says Apple’s next-gen OLED iPhone will launch in September after all, shares rise – August 8, 2017
Ming-Chi Kuo: All next-gen iPhones to come in only three colors, launch simultaneously in September – August 8, 2017
Ming-Chi Kuo: iPhone 8 mass production delayed to October/November – April 24, 2017
Bull 💩
The Wall Street Journal “confirmed” rumors that there were some production glitches early in the summer, and then essentially guessed that nothing has been done in the months since then to catch up. If so (“If pigs could fly’), then the phones will not be available on the launch date. That rumor has a core of truth: they will be in short supply, of course.
When has there every been a glut of Apple inventory on launch date? The company sets a production schedule that does not waste a lot of money by overbuilding the production lines for the initial surge, or by filling the supply channels with surplus devices in configurations that may not sell. It waits to find out which models, configurations, and colors are popular before making midcourse corrections to make those devices in larger numbers.
The reason that this device has a premium price is to limit its appeal to people who do not really need a premium phone but might overwhelm the available supplies by ordering one anyway. That will (1) make the wait for the SuperPhone tolerable while (2) shifting a considerable number of buyers to the mainstream iPhone 7s (or 8, or whatever they call them), and (3) increase Apple’s margins.
There isn’t a sole out there who “needs” one.. Have sufficient supply at release, bottom line.. “Needs one”.. Oh brother. It’s a phone..
Major analysts coming out full swing to manipulate Apple stock, so they could buy low before AAPL soaring next strong guidance earning reports. Actually, this rumor is so old like the earth itself.
This isn’t news. There are a lot of dips on Wall Street.
Stock falls less than 1/2 of a percent. Tragic.
Is this the best the WSJ could come up with? Pathetic, SAD!
It’s hardly a delay if they’ve not even announced it yet.
Anyone remember the original Watch rollout? That was pretty messy IIRC