Apple soars past sales, profit targets with strong iPhone demand, warns of chip shortages

Apple soars past sales, profit targets with strong iPhone demand, warns of chip shortages

3 years ago
Anonymous $f-b3Pf4iLZ

https://www.reuters.com/article/us-apple-results/apple-soars-past-sales-profit-targets-with-strong-iphone-demand-warns-of-chip-shortages-idUSKBN2CF2PX

Apple Inc on Wednesday posted sales and profits far ahead of Wall Street expectations and announced a $90 billion share buyback as customers continued to upgrade to 5G iPhones but warned that supply constraints from a global chip shortage would cost it billions in revenue in the current quarter, hitting Macs and iPads.

Apple soars past sales, profit targets with strong iPhone demand, warns of chip shortages

Apr 28, 2021, 10:23pm UTC
https://www.reuters.com/article/us-apple-results/apple-soars-past-sales-profit-targets-with-strong-iphone-demand-warns-of-chip-shortages-idUSKBN2CF2PX >Apple Inc on Wednesday posted sales and profits far ahead of Wall Street expectations and announced a $90 billion share buyback as customers continued to upgrade to 5G iPhones but warned that supply constraints from a global chip shortage would cost it billions in revenue in the current quarter, hitting Macs and iPads.