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iPhone 15 series is expected in September, and Apple reportedly doesn’t want to experience the same issues it had in iPhone 14 release. However, Barclays analyst Tim Long claims Apple is now facing some problems in its production, mainly due to component shortages.
According to Investor’s Business Daily, Long made the revelation through a note to clients. In the letter, the brand is reportedly about a month behind schedule since its contract manufacturers are facing issues with the supplies of titanium alloy frame casing and camera module for iPhone 15.
The “slower-than-expected production start could have September-quarter iPhone units slightly below expectations,” Long said. That could lead to a shortfall of 2 million units during the calendar third quarter, he said.
“We estimate iPhone 15 units in the September quarter to be just shy of 20 million, vs. prior estimate of 22 million units,” he said. Long rates Apple stock as equal weight, or neutral, with a price target of 149.
The analyst says the claims are “based on checks with Apple’s supply-chain partners in Taiwan.” After this, Apple stock fell 1.1% to 188.61.