Dow Jones Newswires · 10/13 21:45

1834 ET – Wedbush Securities analysts estimate that $Apple(AAPL.US)$ will be running short by 5 million-plus iPhone 13s for the holiday season. The analysts’ note follows a report from Bloomberg that Apple would likely cut iPhone 13 targets for the year by as many as 10 million units due to chip shortages. But the analysts say this is just a supply chain timing issue and call the production issues “nothing more than a speed bump on a multi-year supercycle iPhone 12/13.” (maria.armental@wsj.com; @mjarmental)