The Hindu·3 min read·medium
Apple revenue forecast lags Wall Street targets as iPhone maker struggles with supply chain
R
Reuters
✦AI Summary
Apple has issued a revenue forecast that falls short of Wall Street expectations due to supply chain constraints, particularly regarding advanced chipmaking technology. Despite strong demand for products like the Mac, the company is struggling to secure necessary components.
Apple forecast sales for the current quarter ending in September would grow more slowly than Wall Street targeted as the iPhone maker struggled to get the parts it needed to deliver products , and shares fell 6% in after-hours trade.
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