|
Title: Apple shares slide as Tim Cook warns of holiday supply constraints Post by: HCK on October 31, 2021, 04:05:29 pm Apple shares slide as Tim Cook warns of holiday supply constraints
"We estimate the impact from supply constraints will be larger during the December quarter." What you need to know Apple announced its Q4 earnings on Thursday. Despite record revenue, Apple missed out on $6 billion because of supply constraints. Apple shares are down in pre-market as Tim Cook warned of continued constraints in the holiday season. Apple shares are down over 3% in pre-market trading, as Tim Cook warned of continued supply constraints across its product range going into the holiday season. Apple announced record September quarter revenues of $83.4 billion, but estimated that supply constraints cost the company around $6 billion, from Tim Cook: Sure. If you look at Q4 for a moment, we had about $6 billion in supply constraints, and it affected the iPhone, the iPad and the Mac. We had -- there were two causes of them for Q4. One was the chip shortages that you've heard a lot about from many different companies through the industry. And the second was COVID-rel... Source: Apple shares slide as Tim Cook warns of holiday supply constraints (http://feedproxy.google.com/~r/TheIphoneBlog/~3/kOk4dZpbUkk/apple-shares-slide-tim-cook-warns-holiday-supply-constraints) |