iPhone 8 production glitches could mean delays when orders start: WSJ

Production glitches in the manufacturing of the iPhone 8 earlier this summer could mean supply shortages and shipping delays when customers start putting in orders for the new device later this month, The Wall Street Journal reported, citing people familiar with the matter. The iPhone 8 is expected to be unveiled at an Apple event scheduled for Sept. 12, and if shortfalls last beyond the initial sales period expected to kick off Sept. 22, it could lead analysts to lower estimates for the key holiday period, the paper said. The glitches led to a setback to the manufacturing timetable of about a month. Foxconn, the contractor that assembles iPhones at factories in China, has been ramping up production and is offering bonuses to employees who help bring in new hires. Apple declined to comment. The new phone is expected to come with a series of new features. Apple shares were down 0.6%, but have gained 39% in 2017, while the Dow Jones Industrial Average has gained 10.5% and the S&P 500 has gained 10%.

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