Now We Know Why Apple Gave Such Strong Guidance
For many months now, the Apple Inc. (NASDAQ: AAPL) rumor mill has been working overtime, with reports that the newest version of the iPhone is facing production issues, resulting from a problem with a redesigned OLED screen, or issues integrating a Touch ID fingerprint sensor, depending on the day. Some went so far as to suggest that the iPhone 8, the rumored name of choice, would be delayed until just before the holidays, as the company would be unable to achieve mass production because of these difficulties.
When Apple issued its recent financial report, the guidance it gave for the coming quarter was remarkably strong if any of these rumors were to be believed. Recent reports suggest that Apple has several tricks up its virtual sleeve, and its forecast may not be so far-fetched.
Will Apple's flagship iPhone release this month? Image source: Apple.
Source: Fool.com
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