
Audio By Carbonatix
Apple Inc’s new iPhone had hit production glitches early in its manufacturing process and could lead to supply shortfalls and shipping delays following its launch next week, the Wall Street Journal reported on Thursday.
The company’s shares closed down 0.4 percent at $161.26.
The production glitches pushed the manufacturing process back by about a month, the Journal reported, citing people familiar with the matter.
Apple did not respond to a request for comment.
“There never appears to be a shortage of chatter about alleged production glitches at Apple but they seem to be able to crank out tens of millions of iPhones each quarter,” BTIG analyst Walter Piecyk said in an email.
“I also doubt someone interested in a new iPhone will change brands if they have to wait a few months,” he added.
Fans and investors are eagerly looking forward to the 10th anniversary iPhone 8 to see whether it will deliver enough new features to spark a new generation to turn to Apple.
The company is widely tipped to adopt higher-resolution OLED displays for the latest iPhone, along with better touchscreen technology and wireless charging - which could come with a $1,000 plus price tag.
Latest Stories
-
President Mahama to attend One Health Summit in France, hold bilateral talks with Macron
2 minutes -
Mahama endorses ADB at Kwahu Business Summit
1 hour -
Every gram will be tracked – Gold Board unveils traceability push to deal with illegally-mined gold
1 hour -
Analysis: Why the Bank of Ghana sold half its gold reserves
2 hours -
Buy wrong gold, face prosecution – Gold Board CEO cracks down on rogue dealers
2 hours -
Africa pushes integrated health agenda ahead of One Health Summit in Lyon
2 hours -
We own the strategy, its not head office decision – GCB MD positions bank as engine of Ghana’s economy
2 hours -
No more waiting for head office – GCB boss pushes Ghana-first banking
3 hours -
Mahama lauds Julius Debrah for shaping Kwahu Business Forum
3 hours -
Why actors beg in difficulty – Patience Ozokwor on Nollywood financial struggles
3 hours -
Any man who apologises to woman deserves to suffer – Brymo
3 hours -
Nigerian artistes no longer put effort into making music – Omah Lay claims
4 hours -
‘I’m now skeptical about going into politics’ – Davido
4 hours -
Nigeria’s Seplat Energy resumes operations as oil workers halt strike action
4 hours -
Nigeria launches manhunt after abductions by bandits in northwest Zamfara
4 hours