Shulou(Shulou.com)11/24 Report--

CTOnews.com, December 28, a number of Wall Street institutions said that the shortage of Apple iPhone 14 Pro models has been greatly improved. Samik Chatterjee, an analyst at JPMorgan, said that after checking Apple's shipping channels, it was found that the supply of iPhone 14 Pro models recovered very quickly.

Chatterjee wrote in an investment memo to customers that the supply of iPhone 14 Pro models has improved significantly, and most Apple Store in the United States supports in-store pick-up, the first time this has happened since there was a supply shortage.

CTOnews.com learned that in the memo, Chatterjee shows that the supply of Apple's iPhone 14 Pro models is gradually improving to meet the needs of the market. Chatterjee rated Apple as overweight / buy, with a target price of $190 a share. Apple shares fell 1.4% to close at 130.03 points in today's stock market.

Apple's production and supply problems related to the iPhone 14 Pro have led many analysts to cut their sales and earnings forecasts for the company's December quarter. Analysts surveyed by FactSet now expect Apple's first-quarter sales to be $123.5 billion and earnings per share to be $1.98. That would mean a 6% year-on-year drop in revenue and a partial drop in sales.

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