Apple (AAPL) slips Wednesday amid a report of delays for its iWatch.
01:58 PM EDT, 07/30/2014 (MT Newswires) -- Apple (AAPL) slips Wednesday amid a report of delays for its iWatch.
Executives at longtime Apple supplier, Taiwan-based TPK -- thought to have been selected by the iPhone maker to manufacture touch modules for the iWatch -- are said to have revised earlier forecasts for a profit uptick in Q3, pushing the expected surge back by three months in what is seen as an indication that Apple's wearable is suffering from delays, Apple Insider reports, citing Taiwanese press.
Separately, the Sapphire display is seen as unlikely for iPhone 6 amid production woes, says Apple Insider.
Downstream component makers would have had to begin shipping the sapphire display covers to Apple's assembly partners in June to meet the company's September deadline, market research firm TrendForce said, according to the Apple Insider report, but those shipments have not yet appeared.
AAPL has moved between $97.67 and $98.70 in Wednesday's session, moving in the upper end of its 52-week range.
Price: 98.20, Change: -0.18, Percent Change: -0.18