iPhone Production Cuts May Weigh On Apple’s Key Holiday Quarter
- Bank of America sees December quarter sales missing consensus
- Most analysts remain bullish, seeing constraints as transitory
Customers inside an Apple store in New York in September.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
A possible reduction in iPhone 13 production targets for 2021 could hurt Apple Inc.’s revenue for the key holiday quarter, analysts say.
The likely cut to output goals, reported by Bloomberg just as U.S. markets closed Tuesday, may cause sales to miss projections in the October-December period, Bank of America Corp. analyst Wamsi Mohan said in a note.