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Apple’s iPhone 8 Might Be Facing Production Delays
From StockNews.com: Apple Inc. (NASDAQ:AAPL) may be encountering some production issues with its much-anticipated iPhone 8, which could cause delays in its scheduled fall release.
That’s according to the Digitimes, which cited a report from Chinese-language Economic Daily News (EDN):
Technical issues related to the lamination process of curved OLED panels, and the adoption of a 3D sensing system may cause the delay of the new iPhone devices, said the paper.
Reportedly, these problems could cause the tech titan to delay the release of the iPhone 8 (which could also be caused the iPhone X). Instead of the usual September release date, AAPL may be pegging October or even November.
In order to gauge whether the device is on track for a September release, analysts will be looking closely at the orders Apple makes to its component suppliers:
Market sources said that they are watching the pull-in of orders for passive components from the iPhone’s supply chain to see whether production of the new iPhone devices is on track, said the paper, adding that the supply chain should begin to pull in orders for passive components such as MLCCs in June.
Needless to say, this situation bears monitoring as we progress through spring and into the summer, when Apple’s plans will come into greater focus. The iPhone 8 could wind up being the most anticipated device in company history, not to mention one of the best-selling.
Apple Inc. shares were trading at $144.52 per share on Wednesday morning, down $0.25 (-0.17%). Year-to-date, AAPL has gained 24.78%, versus a 5.65% rise in the benchmark S&P 500 index during the same period.
AAPL currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 27 stocks in the Technology – Hardware category.
This article is brought to you courtesy of StockNews.com.
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