Analysts at Wedbush have maintained an 'Outperform' rating and $200 price target on Apple Inc (NASDAQ:AAPL) shares even though their Black Friday store checks showed major iPhone shortages across the board In a note to clients, the analysts said: "We believe many Apple Stores now have iPhone 14 Pro shortages based on model/color/storage of up to 25%-30% below normal heading into a typical December, which is not a good sign heading into holiday season for Cupertino. The zero China Covid policy has been an absolute body blow to Apple's supply chain with the Foxconn protests in Zhengzhou a black eye for both Apple and Foxconn.
Apple sees major iPhone shortages according to Wedbush analysts' Black Friday store checks