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JPMorgan on October 19 became the second brokerage in two weeks to cut its forecast for Apple Inc’s (NASDAQ: AAPL) iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up, Reuters reports. JPM lowered its iPhone revenue estimate to $63 billion for Q1 of FY22, implying a year-on-year fall of nearly 4%.
...read full article on Benzinga
