A woman looks at the screen of her mobile phone in front of an Apple logo outside its store in Shanghai, China July 30, 2017. REUTERS/Aly Song
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Wall Street is bracing for delays to the launch of the next iPhone, as supply shortages and manufacturing problems threaten to push the smartphone's release later than Apple's usual September debut.The quarterly figures are also likely to confirm that Samsung overtook Apple's quarterly profits in the three months to June.Tim Cook, Apple's chief executive, three months ago blamed early rumours about the forthcoming tenth-anniversary iPhone for Apple's failure to meet analysts' forecasts for sales in the three months to March.That means the millions of iPhones that would normally generate billions of dollars in revenue for the September quarter, which is Apple's fiscal fourth quarter, will instead fall into the next financial year.
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