Benzinga | Aug 24, 2021 03:13PM EDT

Semiconductor Chip Crisis Could Finally Weigh On This Ace Smartphone Maker

* Apple Inc's (NASDAQ:AAPL) iPhone, Mac, or iPad appears unscathed from the seething chip crisis so far, Apple Insider reports.

* It had succeeded in beefing up the chipset supply in advance, which contributed to its Q3 beat.

* JP Morgan highlighted that the stock price had shown resilience ahead of its September iPhone event, which is the seasonal decline from the company.

* The semiconductor crisis is wreaking havoc on the cheaper smartphone makers like Samsung Electronics Co Ltd (OTC:SSNLF) and One Plus. Samsung had announced a $151 billion chip-building initiative on Monday.

* However, in the Q3 earnings call, Apple CFO Luca Maestri had expressed concerns about forthcoming supply issues in the September quarter, affecting its iPhone and iPad sales.

* iPhone assembler Hon Hai Precision Industry Co Ltd (OTC:HNHAF), also known as Foxconn Technology Co Ltd (OTC:FXCOF), had also expected the chip crisis to aggravate in Q2.

* Price Action: AAPL shares traded higher by 0.04% at $149.77 on the last check Tuesday.