Apple will receive ‘preferential treatment’ in supply crunch, analyst says

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Apple Inc. shares fell slightly Tuesday after a report indicated the smartphone giant is poised to cut iPhone production orders due to component shortages, but one analyst views supply-chain pressures as a buying opportunity. Morgan Stanley’s Katy Huberty sees several reasons why investors should “buy the dip” amid global supply woes, even after Bloomberg reported late Monday that Apple AAPL, -0.42% may lower its 2021 iPhone 13 production targets by up to 10 million units. While Huberty hasn’t “specifically heard of material iPhone production bottlenecks due to semiconductor shortages” at Broadcom Inc. AVGO, -0.06% or Texas Instruments Inc. TXN, -0.73%, she acknowledged that broader supply woes are a “real issue” across markets. Still, she’s upbeat about Apple’s prospects, writing in a Tuesday note to clients that the smartphone giant has outperfor
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