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Here's What an iPhone 8 Delay Would Mean for Apple's Profits

Apple (AAPL) may have to break its tradition of releasing the new iPhone in September this year due to supply constraints.

The 10th-anniversary edition of the iPhone is all but expected to be delayed at this point, Wells Fargo Securities senior analyst Maynard Um wrote in a note to investors on Monday. "It's noteworthy that this would be Apple's first iPhone delay, which would be highly atypical and possibly reflect increasing difficulty in delivering innovation and/or slipping execution," he wrote.

While many investors say the delay doesn't matter because it will just push off the earnings growth until the next quarter, it's not that simple, he argued...