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Apple (AAPL) facing major iPhone shortages across the board

November 25, 2022 11:24 AM EST

Wedbush analyst Daniel Ives said in a note that Black Friday store checks show "major iPhone shortages across the board."

Ives, who has an Outperform rating and a $200 per share price target on Apple (NASDAQ: AAPL), said iPhone "shortages are accelerating" and were front and center across many retailers, Apple Stores, and online channels this morning.

"Based on our analysis, we believe iPhone 14 Pro shortages... More