Semiconductor Chip Crisis Could Finally Weigh On This Ace Smartphone Maker

Apple Inc's AAPL iPhone, Mac, or iPad appears unscathed from the seething chip crisis so far, Apple Insider reports.
It had succeeded in beefing up the chipset supply in advance, which contributed to its Q3 beat.
JP Morgan highlighted that the stock price had shown resilience ahead of its September iPhone event, which is the seasonal decline from the company.
The semiconductor crisis is wreaking havoc on the cheaper smartphone makers like Samsung Electronics Co Ltd SSNLF and One Plus. Samsung had announced a $151 billion chip-building initiative on Monday.
However, in the Q3 earnings call, Apple CFO Luca Maestri had expressed concerns about forthcoming supply issues in the September quarter, affecting its iPhone and iPad sales.
iPhone assembler Hon Hai Precision Industry Co Ltd HNHAF, also known as Foxconn Technology Co Ltd FXCOF, had also expected the chip crisis to aggravate in Q2.
Price Action: AAPL shares traded higher by 0.04% at $149.77 on the last check Tuesday.