Apple Inc  iPhone production could surprise to the upside this quarter, Morgan Stanley analyst Katy Huberty notes, as lead times are declining to “more normalized levels.” Citing a “handful” of data points that the firm has seen over the past month, Huberty mentions that the supply of semi-related components is improving, and iPhone builds in the December quarter are “stable” at 82 million units. Additionally, Apple sees an improved supply for power management integrated circuits and world-facing camera modules. All of which suggests that iPhone builds in December are likely to be flat or slightly down month-over-month, compared to a significant month-over-month decline in previous years. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.