Jefferies analyst Edison Lee says demand for the iPhone 18 Pro and Pro Max is weakening further, with lead times in China falling to zero days versus six and 25 days for last year's models. Resale prices for all Pro variants have moved to discounts since Sept. 29, while last year's model traded at 1% to 6% premiums, and PDD has cut prices on the Pro and Pro Max by 6% and 9% since Oct. 16. Jefferies says Apple has cut orders for some components, including 2nm chips, by 10% to 15%, though some suppliers indicate the net assembly cut so far is only 2 million units. The firm links strong China sell-through to discounted sales of iPhone 17 Pro inventory.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
AAPLChinasupply chainsemiconductors
Open a keyword to see other news on the same topic.
Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/16/2026 | 343.47 |
| Change that session | +0.43% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Global Physical Artificial Intelligence (AI) Market Report 2026-2040 | Market to Reach $3.26 Trillion as Robotics, Autonomous Systems, and Wearables Scale
The global Physical AI market is forecast to grow from about $383 billion in 2026 to $3.26 trillion by 2040, driven by autonomous robots, self-driving vehicles, humanoid systems, industrial automation and wearables. Unlike digital AI, where US model makers and NVIDIA-based infrastructure lead, the physical AI race remains open: the US leads in foundation models, China in manufacturing scale and cost, Europe in industrial deployment and certified trustworthiness, and Japan in operational data from high robot density. The report says 2026-2032 will be a critical window for building infrastructure, securing semiconductor supply chains and setting regulatory standards. It frames adoption in three waves, from structured industrial settings to consumer and national deployment, and covers ten sectors including wearables, healthcare and defence.
- China's CXMT sees shares drop over 6% as investors look past chipmaker's profit turnaround
Shares of ChangXin Memory Technologies (CXMT) fell 6.5% on Monday, even after the company forecast a sharp swing to profitability for January–September 2026. It expects net profit attributable to shareholders of 131 billion to 132.5 billion yuan ($19.58 billion), versus a net loss of 5.28 billion yuan a year earlier, on revenue of 265 billion to 270 billion yuan. The company attributed the improvement to surging AI computing demand that has boosted the global DRAM market, causing supply shortages and sharp price increases. CXMT now accounts for 10% of global DRAM revenue in Q3 2026, up from 5% a year earlier, according to Counterpoint Research.
- The Best Growth Stock to Invest $10,000 in Right Now
Sandisk shares have surged 827% over the past year but dropped 44% from their June 22 52-week high, with fears over NAND flash demand, AI infrastructure spending and competition from China's CXMT. The author argues these fears are overblown, since CXMT doesn't make NAND flash and its DRAM technology reportedly trails Micron and SK Hynix. Enterprise SSD demand is booming on the back of the AI boom, with contract prices reportedly up 3x year over year, and McKinsey and IDC forecast annual growth of 35% and over 40% through 2030, respectively. Sandisk posted $20 billion in fiscal 2026 revenue with an 11% NAND market share, and its TAM is seen reaching $500 billion next year. The company targets mid-to-high teens annual revenue growth in fiscal 2028 to 2030 and a non-GAAP operating margin of 75% by fiscal 2030, versus 63% in fiscal 2026.
- Is Micron's Incredible Run About to End?
Micron's stock has risen nearly 220% in 2026, even after a recent pullback, on surging AI-driven memory demand and limited competition. The article says the main threat comes from two state-backed Chinese companies: Yangtze Memory Technologies, which aims to overtake rivals in NAND, and ChangXin Memory Technologies, which is about to launch a denser DRAM chip by the end of the year. DRAM accounted for 73% of Micron's revenue last quarter, so cheaper Chinese products could erode its market dominance and pricing power, while its high-bandwidth memory business is seen as relatively safe for now. The author expects demand to keep exceeding supply for the next few years and sees Micron's short-term competitive moat as strong, but expects growth to slow and still considers the stock a worthwhile long-term investment.
- One Year In, JPMorganChase's Security and Resiliency Initiative Is Helping to Strengthen Industries Critical to Long-Term Economic Growth
One year after launching its $1.5 trillion Security and Resiliency Initiative (SRI), JPMorganChase said it has deployed $5 billion in equity investments through its Strategic Investment Group, half of its initial $10 billion SRI allocation. The firm has financed and facilitated more than $230 billion in transactions across SRI's focus areas, including supply chains and advanced manufacturing, defense and aerospace, energy, frontier technologies, and pharma and healthtech. The Strategic Investment Group, led by Todd Combs, invests in venture, growth and later-stage companies, while a team of more than 35 SRI professionals has expanded the initiative to Europe and Canada. Nearly one-third of SRI-related activity in the past year occurred outside the United States, as many critical technologies and supply chains cross borders. Chairman and CEO Jamie Dimon said strong economies and national security require investment in infrastructure, manufacturing, energy, defense and innovation.
- PSUs tap GIFT City for overseas mineral hunt amid critical supply push
Related markets
Latest news
- Earnings live updates: All eyes on Musk and Meta as Q3 earnings rev up
Big tech is the focus of this week's earnings season, with Meta (META), SpaceX (SPCX) and Tesla (TSLA) due to report. SpaceX and Netflix (NFLX) kick off on Tuesday after the bell, while Tesla and Meta report on Wednesday, offering an early read on the Magnificent Seven and the AI trade. Wall Street estimates S&P 500 earnings growth of 29.6%, according to FactSet; if that holds, it would be the third straight quarter of growth above 25%. General Motors (GM), IBM (IBM), United Airlines (UAL) and Procter & Gamble (PG) also report this week.
- Mysterious UAV Enters Lithuania as NATO Fighters Fail to Intercept It
On the morning of October 18, an unidentified drone entered Lithuanian airspace between 6:00 and 8:00, prompting an air alert and the scrambling of NATO jets, which escorted the object but could not shoot it down due to difficult weather. Debris later found in Juojonis village in Pasvalys district was initially identified as drone parts, and the military says it may have entered from Poland. Latvia issued a similar warning for several regions and cancelled it at 8:12, though its army has not confirmed the object was a drone. Prime Minister Mindaugas Sinkevičius said the sabotage hypothesis must be verified, while law enforcement works to determine the drone's origin; earlier, on September 15, Italian Eurofighter Typhoons shot down a drone that had flown into Lithuania from Belarus.
- Corning Is Moving Beyond Fiber Cables. Can AI Networking Pay Off?
Corning (GLW) is extending beyond fiber cables into optical components inside AI systems, having demonstrated optical connectivity with Lumentum and Astera Labs on October 12 and partnered with Nvidia on a planned tenfold expansion of optical connectivity capacity in the US. Its Optical Communications sales rose 32% year-over-year to $2.07 billion in Q2 2026, and management sees a potential $10 billion revenue opportunity by 2030 from a photonics platform, though timing and adoption remain uncertain. Still, the valuation is elevated, with a forward non-GAAP P/E of 44.81x, about 84% above its 5-year average of 24.31x, while analysts expect EPS to grow 30.41% in December 2026 and 33.02% in December 2027. The article notes that slower AI spending or delayed CPO adoption could pressure the stock.
- Google’s Next AI Chip Is Running Late. Why Marvell May Be Fine
GF Securities says one part of Google's TPU v9 design slipped about three weeks, likely due to a redesign, pushing the timeline back roughly a quarter, with mass production now expected in Q2 2027. Packaging substrate yields of just 45% to 50% are a key obstacle, but GF sees no demand problem, citing strong TPU demand from Google and external customers such as Anthropic. The firm points to MediaTek, not Marvell (MRVL), as facing short-term headwinds, so any benefit to Marvell appears indirect. At 63x forward earnings, a 66% premium to its five-year average P/E of 38.02x, the article concludes the delay is not by itself a reason to buy.
- Stocks bounce back, Anthropic's "Public Benefits", and Musk's promise to American kids
The 8:30 show, hosted by Julie Hyman, Pras Subramanian and Jake Conley, discusses the stock market's rebound. Other topics include Anthropic's (ANTH.PVT) commitment to a “Public Benefit” fund, Elon Musk's promise to American children about SpaceX (SPCX) stock ahead of earnings, and doubts over an IPO after Microsoft (MSFT) withdrew.
- Microsoft vs. Alphabet: Is GOOGL’s Cloud Growth Worth More Than Investors Think?
Microsoft (MSFT) and Alphabet (GOOGL) trade at forward P/E ratios of 25.13 and 22.83, respectively. Google Cloud revenue jumped 82% to $24.8 billion in the second quarter, with operating income rising from $2.8 billion to $8.8 billion, while Azure and other cloud services grew 43%. Both companies face heavy infrastructure spending: Microsoft spent $35.8 billion on property and equipment, pushing its cloud gross margin down to 65%, while Alphabet spent $44.9 billion, leaving roughly negative $5.85 billion in quarterly free cash flow. The article argues Alphabet's $9.11 EPS is unreliable because about $98 billion came from net other income, so its 30% operating-income growth better reflects underlying performance. Microsoft has a more diversified earnings base and higher consolidated operating margins, but the key question is whether either company can turn AI demand into cash after paying for infrastructure.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.