Supply constraints could lead to slightly lower iPhone holiday revenue

Apple will likely report a solid revenue beat for its fourth quarter, though supply constraints could lead to first quarter guidance lower that's than usual, according to JP Morgan.

Credit: Andrew O'Hara, AppleInsider
In a note to investors seen by AppleInsider, JP Morgan lead analyst Samik Chatterjee writes that investors are likely to be focused on guidance for Apple's busy holiday quarter when the company reports its fiscal earnings later in October. This is despite the fact that he predicts Apple to report a solid beat for its Q4 2021 period, driven by solid iPhone 12 demand.

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