IPhone Shipments Take a Hit but Analysts Are Still Upbeat on Apple Stock - Barron's

Apple is dealing with the aftermath of accumulation problems that UBS says chopped November iPhone shipments by much than fractional from a twelvemonth earlier, but Wall Street remains upbeat astir the stock.

The largest mill for iPhones, successful Zhengzhou, China, was locked down owed to Covid-19 successful precocious 2022, adding to delays successful shipments of iPhone 14 Pro and Pro Max phones that resulted from protests by employees implicit moving conditions astatine the plant. Multiple analysts person said that these issues should wounded revenue for the institution successful the December quarter.