Apple cautions on iPhone supply despite record results
Despite achieving its best quarterly performance in history, Apple warned that meeting the increasing demand for iPhones would be challenging due to supply chain constraints and a shortage of memory chips. This has led to inventory rising to $11.1 billion, with expectations of further supply restrictions as challenges persist. Although the company reported record financial results, its stock dropped by 6 percent amid investor concerns about slower future growth and earnings being affected by supply issues.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)