Apple's strong quarter suffers $6B blow from supply shortage

Apple's strong quarter suffers $6B blow from supply shortage

3 years ago
Anonymous $np3LcwuhSi

https://apnews.com/dd75298b973ecdbae1f9ba45aac173e6

SAN RAMON, Calif. (AP) — Apple’s iPhone sales soared yet again in the past quarter, but didn’t grow as rapidly as analysts anticipated because of supply shortages that have made it more difficult to meet the demand for a wide range of products.

Until recently, the supply shortages that have curtailed production of everything from automobiles to video game consoles haven’t been a major problem for Apple. Although the company’s quarterly results released Thursday served as evidence of its products’ continuing success, they also showed Apple isn’t immune to the supply headaches.

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