Apple results hit by supply chain woes, holiday quarter impact will be worse

October 29, 2021 7:09 AM

SAN FRANCISCO (REUTERS) – Supply chain woes cost Apple US$6 billion (S$8 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.

Source : http://www.straitstimes.com/business/companies-markets/apple-results-hit-by-supply-chain-woes-holiday-quarter-impact-will-be