Apple weighs on Dow Jones Industrial Average; analyst charts iPhone supply woes - MarketWatch

Apple Inc. AAPL, -1.81% fell 1.9% connected Friday arsenic the worst performer successful the 30-stock Dow Jones Industrial Average DJIA, +0.52%. Wedbush expert Daniel Ives connected Friday reiterated an outperform standing connected Apple but said his investigation shows that iPhone 14 Pro shortages and longer hold times for devices have gotten overmuch worse implicit the past week with precise debased inventories crossed the board. "We judge galore Apple Stores present person iPhone 14 Pro shortages based connected model/color/storage of up to 25%-30% beneath mean heading into a emblematic December, which is not a bully motion heading into vacation play for Cupertino," Ives said. The Dow Jones Industrial Average is up 172 points, oregon 0.5%.