According to JP Morgan, while the situation with Apple’s supply chain has improved significantly, the production of the iPhone 13 line in the fourth quarter may be unstable.
Analyst Samik Chatterjee says Apple has become worried about supply restrictions in the wake of a new wave of Covid-19 and a blow to production due to recent energy restrictions in China.
An analyst at JP Morgan notes that the ramp-up process for the iPhone 13 lineup is progressing at a slower pace than with previous iPhones. The main bottleneck is problems with the lack of camera modules and the desire to use sensor shift optical image stabilization. LG Innotek and other suppliers in South Korea are expected to increase production at the required pace.
If the problems with the shortage of electricity in China persist, then analysts expect even more problems in the production of the iPhone 13. According to the analyst, because of this, the company may not release 5-10 million iPhone 13 smartphones out of 143 million planned. Despite this, Apple continues to be in a very comfortable position in terms of sales.
The analyst maintains his target price for Apple at $ 180.
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