🚨 🚨 Wedbush: “Our Wedbush Tech Team’s Taiwan checks over the last week indicate April results for the Apple supply chain were 2% ahead of historical linearity while consensus remained unchanged. Outperforming during April was perhaps helped by inventory build ahead of China’s holidays in May and June, though we have also seen a slight lift in Chinese handset build projections for the June quarter, with healthy expectations around CQ3 builds. This adds to our entrenched view that for Apple iPhone builds we will see a lift heading into a highly anticipated iPhone 16 upgrade cycle that kicks off in September”
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