Supply constraints ding Apple

A shortage of the larger iPhone 7 Plus is the biggest driver behind Apple’s disappointing holiday-quarter guidance, says Morningstar’s Brian Colello.

Brian Colello, CPA 27 October, 2016 | 5:00PM
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Brian Colello: Apple reported solid fourth-quarter results this evening. iPhone sales were a little bit ahead of expectations. Revenue was about in line with expectations. They also beat on the EPS line. So, really, a solid fourth quarter from Apple.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Apple Inc148.85 USD-0.31Rating

About Author

Brian Colello, CPA

Brian Colello, CPA  Brian Colello, CPA, is director of technology, media, and telecom equity research for Morningstar.

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