Wall Street institutions have said that the supply shortage of Apple iPhone 14 Pro models has improved dramatically. Samik Chatterjee, an analyst at JPMorgan, said that after checking Apple’s stocking channels, the supply of iPhone 14 Pro models has been restored very quickly.
In an investment memo to clients, Chatterjee wrote that the supply of iPhone 14 Pro models has improved significantly, with most Apple Stores in the U.S. supporting in-store pickup for the first time since the supply shortage began.
Chatterjee indicates that the supply of Apple iPhone 14 Pro models is gradually improving and gradually meeting market demand. Chatterjee rates Apple stock as Overweight / Buy with a price target of $190 per share. On the stock market today, Apple shares fell 1.4 percent to close at 130.03 points.
Apple’s production and supply issues related to the iPhone 14 Pro handset led many analysts to cut their sales and earnings forecasts for the company’s December quarter. analysts polled by FactSet now expect Apple to report sales of $123.5 billion and earnings of $1.98 per share for its fiscal first quarter. That would represent a 6 percent year-over-year decline in earnings and a partial year-over-year decline in sales.
