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

July 26, 2012 8:41 AM EDT Send to a Friend
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.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Insiders' Blog, Trader Talk

Add Your Comment