Consumers, businesses and schools have been snapping up millions of iPads and Macs for remote work, and Tim Cook has suggested that the momentum wont necessarily slow down after the Covid-19 pandemic ends.
Apple Inc.’s latest quarter was a blockbuster, with soaring revenue, record Mac sales, and stronger-than-anticipated iPhone demand. There was only one major snag: The global chip shortage is finally catching up to the company.
Apple soars past sales, profit targets with strong iPhone demand, warns of supply constraints
Updated:
Updated:
April 29, 2021 12:05 IST
Sales to China nearly doubled and results topped analyst targets in every category, led by $6.5 billion more in iPhone sales than predicted and Mac sales about a third higher than estimates.
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Apple soars past sales, profit targets with strong iPhone demand, warns of supply constraints.
| Photo Credit: Reuters
Sales to China nearly doubled and results topped analyst targets in every category, led by $6.5 billion more in iPhone sales than predicted and Mac sales about a third higher than estimates.
Global chip shortage hits Apple, BMW and Ford as crisis worsens Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
An employee prepares to fit a part to the interior of a Mini Cooper five door hatchback, produced by BMW, inside a final assembly plant in Oxford, England. | BLOOMBERG
Bloomberg Apr 29, 2021
The global chip shortage is going from bad to worse with automakers on three continents joining tech giants Apple Inc. and Samsung Electronics Co. in flagging production cuts and lost revenue from the crisis.