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Apple disappoints with forecast dogged by supply chain struggles
Apple anticipates slower sales growth this quarter due to supply chain issues. The company faces challenges in obtaining necessary parts for product delivery. This forecast led to a significant drop in Apple's stock value. Despite strong third-quarter results, future growth faces component shortages. Executives highlighted supply limitations rather than a lack of customer demand.
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channelnewsasia.com
Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate
July 29 : Qualcomm forecast fourth-quarter profit below Wall Street estimates on Wednesday, and said revenue from Apple products would decline faster than expected as supply…
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9to5mac.com
Qualcomm says supply constraints are shrinking its Apple business - 9to5Mac
Qualcomm CEO told Reuters that supply constraints will cause its revenue from Apple products to decline faster than expected.
