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Apple to Sell Fewer iPhone Handsets as Chip Crisis Bites, JP Morgan Says

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JP Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple’s iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant.JP Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple’s iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant.