Production of Apple Inc's (AAPL) iPhone 8 model will reportedly be delayed to Nov. or Dec. and ship only in small volumes initially, China's Economic Daily News reported.

The 10th anniversary iPhone model was expected to be released in Sept., but the phone's two main original design manufacturers, Foxconn Electronics (FXCOF) and Pegatron (PGTRF) , haven't yet reached levels that suggest any kind of mass production.

The OLED display iPhone 8 will reportedly be released with iPhone 7S and iPhone 7S Plus models. Foxconn will deliver about 95% of orders for the OLED display model. Pegatron will produce about 65% of the 7S phones and a third producer, Wistron, will make most of the 7S Plus models.

Amid worry that the iPhone 8 may be delayed, TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer thinks Apple is a stock to own and not trade. 

Apple is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

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