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Shares of the Cupertino, California-based company, which had risen nearly 15 per cent this year, fell 3.4 per cent in extended trading on Thursday.

Supply chain woes cost Apple Inc US$6 billion in sales during the company’s fiscal fourth quarter, which missed Wall Street expectations, and chief executive Tim Cook said that the impact is likely to be worse during the current holiday sales quarter. Cook on Thursday said that the quarter that ended on Sept. 25 had “larger than expected supply constraints” as well as COVID-19 pandemic-related manufacturing disruptions in Southeast Asia. While Apple had seen “significant improvement” this month in those facilities, the chip shortage has persisted and is now affecting “most of our ...

Supply chain woes cost Apple Inc $6 billion in sales during the company's fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter.

December 22, 2020 | 3:39 pm Advertisement AAA Making a vehicle represents a supply chain challenge even for Apple, a company with deep pockets that makes hundreds of millions of electronics products each year with parts from around the world, but has never made a car. Apple Inc. is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters. The iPhone maker’s automotive efforts, known as Project Titan, have proceeded uneven...

Apple targets car production by 2024 and eyes 'next level' battery technology, sources say Apple Inc. is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters. Social Sharing Making a vehicle represents a supply chain challenge, even for a company with deep pockets like Apple Thomson Reuters · Posted: Dec 22, 2020 9:58 AM ET | Last Updated: December 22, 2020 Best known for its iPhones and Mac computers, Apple is said to be looking at a move...