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Apple says chip shortage reaches iPhone, growth forecast slows


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. ....

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Supply constraints weigh on U.S. corporations' operating results


Supply constraints weigh on U.S. corporations operating results
Xinhua
© Provided by Xinhua
The global semiconductor shortage could potentially stretch into 2023. It could take one or two years to get back to a reasonable supply-and-demand balance in the semiconductor industry, said Intel CEO Pat Gelsinger, who expects supply shortages to start showing signs of easing later this year.
by Xinhua writer Liu Yanan
NEW YORK, July 29 (Xinhua) Supply shortage of chips and components continued to undercut the operating results of major U.S. firms in the second quarter bringing in inflation pressures, according to the financial reports of those companies. ....

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iPhone 13: Specs, features, rumours, India price, and everything you need to know

iPhone 13: Specs, features, rumours, India price, and everything you need to know
indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.

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