The iPhone maker will likely suffer a 6 million handset delivery shortfall in the December quarter. With Elon Musk raising awareness to the issue, the U.S. government is likely pressured to take a more aggressive stance towards Apple's monopoly power. AAPL shares are expensive - currently trading at a one-year forward P/E of x23, a P/B of x45 and a P/S of about x5.6. $Apple(AAPL)$ bearish
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