The Hindu·3 min read·medium
Apple posts record June quarter revenue of $109.4 billion; flags higher memory chip prices as pressure point
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PTI
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Apple reported record June quarter revenue of $109.4 billion, driven by strong growth in emerging markets like India and China. However, the company warned of potential future headwinds due to rising memory chip costs and supply chain constraints.
Tech giant Apple has posted record June quarter revenue of $109.4 billion, up 16% on a year-on-year basis, supported by double-digit growth in most emerging markets, including India, but flagged business risks in the next few quarters due to rising memory chip prices and supply constraints, according to a top company official.
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