AAPL Stock Slips After Reports Of New iPhone “Plagued By Production Glitches”

AAPL stock is sliding this afternoon as The Wall Street Journal reports the new iPhone is said to have seen “production glitches.”
Apple Inc.’s new iPhone, which is expected to be unveiled Tuesday, was plagued by production glitches early in the manufacturing process this summer, according to people familiar with the situation, which could result in extended supply shortfalls and shipping delays when customers start ordering the device later this month. New iPhones are typically in short supply when first released. But if shortfalls of the new phone extend beyond the initial sales period, which is expected to begin September 22, they could weaken analysts’ and investors’ projections for sales in the crucial holiday period.

This post was published at Zero Hedge on Sep 7, 2017.