Apple (AAPL) Weakens On Reports iPhone 5 Could Be Delayed due to Low Chip Supply

July 26, 2012 8:41 AM EDT
Shares of Apple (Nasdaq: AAPL) are seeing some pressure early Thursday following reports in China that the company could postpone the debut of the massively-anticipated iPhone 5 because high-end 28nm chips are in short supply. Reports come from the China Times, citing the First Financial Daily.

Shares of AAPL last traded at $576.69, up 0.3 percent from the close, but off the pre-open highs.

Still, investors aren't putting too much credence in the latest reports and the iPhone 5 is still expected in the fall of this year, although no firm time has been announced by the company.

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