Apple Boosts OLED Panel Orders Amid Rising Component Costs
Apple Inc., a technology giant with a market capitalization of approximately $4.45 trillion, is taking proactive measures to mitigate the impact of rising component costs on iPhone prices.
The company has increased its procurement of OLED panels by extending the average inventory period from four weeks to six weeks, signaling a strategic effort to stock up ahead of potential price fluctuations.
This adjustment comes during the second quarter, typically a low season for iPhone production, as Apple prepares for the anticipated demand for the iPhone 17 series and the growing global smartphone market, projected to rise by 13% year-over-year.
According to the GuruFocus Value, Apple Inc. is currently valued at $282.67, indicating that the stock is 7.9% overvalued at its current price of $304.91.