The global chip shortage and the ongoing corona pandemic have cost the technology company Apple billions. As CEO Tim Cook told the broadcaster CNBC, the bottlenecks in the supply chain and corona outages in production have depressed business by about six billion dollars.
The share fell in after-hours trading on Thursday at times by four percent. The situation will worsen again in the Christmas business, Cook told the Reuters news agency. The chip crisis is now affecting most Apple products.
Despite significant growth, the iPhone group missed even more optimistic forecasts from analysts. Apple still increased quarterly sales year-on-year despite the problems by 29 percent to about $ 83.4 billion (71.4 billion euros).
Revenue growth expected in the last quarter
Analysts had expected about 1.5 billion more. IPhone sales jumped 47 percent to $ 38.9 billion. But on the market an even better value of 41.6 billion dollars was expected.
At the same time, Apple was able to grow in all product lines. Net income for the fourth fiscal quarter ended September rose 62 percent to $20.5 billion.
For the quarter that started on September 26th, Cook expects an increase in revenue according to his own statements. Analysts expect an increase of 7.4 percent to almost 120 billion dollars.
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