Apple has its earnings report in a few weeks. A.k.a. it’s the most wonderful time of the y..…quarter for stock effecting stories. It is like clockwork every ER time (especially Bloomberg). A few days ago Apple was significantly cutting back manufacturing numbers.
Anything is possible but Apple is the most prized customer in the industry. 1.3 billion devices, one company, one contract for a one megaton of one specific part. Everywhere on the planet there is another supplier telling Apple to please let us be your supplier. So a supplier is just going to ‘tell’ Apple ‘sorry, it is going to cost you a lot more’? Umm, no they probably are not.
Bookmark this story and comments. I Look forward to seeing the reality of this “drastic” price increase in iPhone 14. History says this is more Bloomberg clickbait. September here we come