iPhone supply disruptions China weigh on Apple, temporary headwind

JPMorgan cut on Monday AppleThe (AAPL) iPhone shipment forecast amid uncertainty about when production at a key assembly plant in China will fully resume, forecast revenue and earnings to decline in the current quarter. But even with expected supply disruptions, the club remains optimistic about Apple’s ability to stave off production shortages in light of Beijing’s recent move to begin easing Covid-19 restrictions.

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