Wedbush analysts Daniel Ives and John Katsingris said iPhone demand this quarter has remained “amazingly resilient” so far despite widespread supply chain issues and other factors affecting the tech industry. Wedbush market analysts summarize their findings in a new investor note. Apple’s flagship devices have held up well despite a broad-based tightening in the tech sector, the report showed, following a wave of declines in Apple’s stock price that intensified fears of slowing growth. In investor conversations over the past month, some investors believe that the outbreak and chip shortage caused some trouble for Apple’s June quarter, which will make it difficult for Apple to continue to make enough products to meet strong consumer demand. A combination of factors could adversely affect Apple’s revenue by $4 billion to $8 billion, according to Cook’s guidance last month. And so far, Wedbush thinks iPhone demand has performed better than expected (despite the various supply issues plaguing Apple and the rest of the tech industry) and has trended better than management’s guidance so far this quarter. .
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