'It's a lot more of headline risks than anything else': Analyst maintains bullish outlook on Apple - CNBC

One expert maintains a bullish outlook connected Apple contempt shares of the tech elephantine falling to their lowest since June 2021 amid continued iPhone proviso concerns.

"Apple is the biggest U.S. sanction retired there, and we deliberation it is simply a batch more headline risks than thing else," Angelo Zino, elder manufacture expert astatine CFRA Research, told CNBC's "Squawk Box Asia" connected Wednesday.

A header hazard is the hazard that a company's stock terms volition diminution from antagonistic quality coverage.

Apple shares fell to their lowest level since June 2021 arsenic iPhone accumulation is nether menace from a widespread Covid outbreak successful China aft the state exited its zero-Covid policy.

The outbreak could perchance origin idiosyncratic shortages astatine constituent plants oregon assembly factories crossed the country.

For the past 2 months, Apple has already been grappling with accumulation shortages. In November, iPhone 14 accumulation was deed by Covid-19 restrictions and labor protests astatine its superior iPhone 14 Pro and iPhone 14 Pro Max assembly works successful Zhengzhou, China.

Last week, a JPMorgan Chase expert said that the supply shortfall should proceed done the extremity of the year and measurement connected the emblematic seasonal upshot successful volumes. Apple had warned connected Nov. 6 of a "significant disruption" up of the vacation season.

"While the accelerated hold of pb times for the iPhone 14 Pro/Pro Max has slowed down and successful information began to mean successful caller weeks, it inactive remains elevated comparative to the pb times seen anterior to the COVID outbreak successful Zhengzhou," said Samik Chatterjee, successful a enactment to investors.

"Ultimately, Apple is going to bash everything they perchance tin to support their concern arsenic agelong arsenic they tin crossed antithetic geographical regions," said Zino.

He further added that the existent interaction to the apical enactment is going to beryllium little than 1% successful the U.S. and Europe.

Despite shortages, galore analysts predicted that Apple customers volition proceed to beryllium loyal to the brand's products.

"We deliberation a batch of the consumers retired determination are creatures of wont and won't needfully steer distant from what they person done historically connected Apple's ecosystem," said Zino.

In the interview, helium besides mentioned that Apple and Microsoft person held up contempt headwinds successful the tech sector.

"When you look astatine the names that person held up the best, 2 of them are Apple and Microsoft and that makes a batch of sense," said Zino.

"Because from a aggregate perspective, they are a batch much affordable than immoderate of the different names retired determination and person the champion escaped currency travel predictability."