Apple’s Supply, Not Demand, Is the Bottleneck | Durham News

Durham News Today | 2 Min News | The Daily News Now! · Aug 3, 2026 · 2m

Apple’s June quarter numbers surprised investors with strong iPhone sales and record upgrades, proving demand is real — not slowing. Wall Street’s Bank of America counters the “slowing growth” narrative by boosting its price target to $380 and raising EPS forecasts, arguing Apple’s September guidance reflects production constraints, not weak consumer appetite. Supply chain bottlenecks in advanced chips are limiting output, but with new iPhones launching this fall and restocking likely, margins could soar. Meanwhile, Apple Services is quietly booming — especially in cloud and payments — and…