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.
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