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.
In a dizzying stretch of 12 hours, Honda Motor Co. said it will halt production at three plants in Japan for around five to six days next month; BMW AG flagged it will pause Mini car production at its Oxford, England, factory for three days; and Ford Motor Co. reduced its full-year earnings forecast due to the debilitating chip shortage, which it sees extending into next year.
The global chip shortage has come for iPads and Macs
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Global Chip Drought Hits Apple, BMW, Ford as Crisis Worsens
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Apple said it expects to see strong double-digit growth during the June quarter, but cautions that seasonal decline from the March quarter could be greater than usual.
During Wednesday s earnings call with investors, Apple Chief Financial Officer Luca Maestri said that Apple would not provide specific forecasts for its Q3 2021, citing continued uncertainty around the world in the near term. However, Maestri did share a few insights about the upcoming quarter.
For example, Apple expects strong double-digit growth in the June quarter. However, Maestri said that the typical sequential revenue decline from the March quarter to the June quarter will be steeper in 2021 than in prior years.
Apple now has 660 million paid subscriptions for its services.
It has added 40 million paid subscriptions in the last quarter.
Apple now has 660 million paid subscriptions.
Ahead of the company s Q2 2021 earnings call, Apple Chief Financial Officer Luca Maestri revealed to the Financial Times that the company now has 660 million paid subscriptions across its services, a 40 million subscription growth from the last quarter.
breaking Apple now has 660m paid subscriptions, CFO Luca Maestri tells the @FT
That s up 40m from three months prior.
Services revenue up 27% to $16.9bn, 10 points above forecast. breaking Apple now has 660m paid subscriptions, CFO Luca Maestri tells the @FT