Analysts remain upbeat with Apple as issues are about supply, not demand

Apple stock is trading lower after the company posted revenue that fell short of consensus estimates by about $1.5 billion. But analysts see this as a temporary issue, tied to supply chain issues from COVID disruptions, a short term concern, not one for the long run.Eric J. Savitz for Barron’s:At the root of the issue is Apple’s disclosure that sales for the September quarter were reduced by about $6 billion due to a combination of chip shortages and Covid-related manufacturing issue