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Technology Stocks : Apple Inc.
AAPL 142.59-4.8%Sep 29 3:59 PM EDT

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To: NAG1 who wrote (210979)10/13/2021 11:57:21 AM
From: J.F. Sebastian1 Recommendation

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Stock Puppy

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You wouldn't expect a chip shortage, based on that graph, causing a cutback in production in the present quarter being announced just now.
You are correct.

As Jim Cramer pointed out yesterday, Apple didn't cut production of the iPhone 13, only their projections about how many they can produce this quarter due to component shortages.
This makes sense when one considers the iPhone 13 is still weeks behind in catching up with demand.

Mr. Market has gotten it wrong in this case and AAPL is down for no good reason when the facts are known.
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