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SOURCE / COMPANIES By Reuters Published: Jul 29, 2021 08:03 PM The new Apple store in Sanlitun, Chaoyang district in Beijing Photo: cnsphotoApple Inc said on Tuesday that a global chip shortage that has bit into its ability to sell Macs and iPads will start to affect iPhone production and forecasted slowing revenue growth, sending its shares lower. Apple executives said revenue for the current fiscal fourth quarter will grow by double-digits but be below the 36.4 percent growth rate in the just-ended third quarter. Growth will also slow in Apple s closely watched services business, they said. In a conference call with investors, Apple executives also said that while the impact of the chip shortage was less severe than feared in the third quarter, it will get worse in the fourth, extending to iPhone production. ....
Apple says global chip shortage to affect iPhone; growth forecast slows bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Apple: Chip Shortage Affects iPhone Production, Revenue Growth to Be Hindered albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Apple has announced its financial results for its fiscal 2021 third quarter that ended June 26, 2021. The tech giant posted a June quarter record revenue of $81.4 billion, up 36% year over year, and quarterly earnings per diluted share of $1.30. Apple’s iPhone sales tallied US$39.57 billion; up 49.7% year-over- year. Mac sales were $8.8 billion, up 16.38% year-over-year. iPad revenue was $7.4 billion, up 12% year-over-year. The Wearables, Home & Accessories division brought in $8.78 billion; up 36.12% year-over-year. And the Services category was good for $17.49 billion. “This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important,” said CEO Tim Cook in a press release. “We’re continuing to press forward in our work to infuse everything we make with the values that define us by inspiring a new generation of developers ....
Apple says chip shortage reaches iPhone, growth forecast slows By Stephen Nellis Reuters (Reuters) -Apple Inc said on Tuesday that a global chip shortage that has bit into its ability to sell Macs and iPads will start to affect iPhone production and forecasted slowing revenue growth, sending its shares lower. Apple executives said revenue for the current fiscal fourth quarter will grow by double-digits but be below the 36.4% growth rate in the just-ended third quarter. Growth will also slow in Apple s closely watched services business, they said. In a conference call with investors, Apple executives also said that while the impact of the chip shortage was less severe than feared in the third quarter, it will get worse in the fourth, extending to iPhone production. ....