Analyst Ming-Chi Kuo Says "Although There Has Been News Of Increased Orders For iPhone 16 From Time To Time After WWDC, Recent Statements From Two Key Apple Suppliers (TSMC And Largan) Have Hinted That iPhone 16 May Not Have Increased Orders"
Portfolio Pulse from Benzinga Newsdesk
Analyst Ming-Chi Kuo reports that despite earlier news of increased orders for the iPhone 16, recent statements from key Apple suppliers TSMC and Largan suggest that there may not be an increase in orders.
July 18, 2024 | 4:57 pm
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NEGATIVE IMPACT
Recent statements from key suppliers TSMC and Largan suggest that there may not be an increase in orders for the iPhone 16, contrary to earlier news.
The lack of increased orders for the iPhone 16 could negatively impact Apple's revenue expectations and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
TSMC, a key supplier for Apple, has hinted that there may not be an increase in orders for the iPhone 16.
As a key supplier for Apple, TSMC's revenue could be impacted if there is no increase in orders for the iPhone 16.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80