Apple CEO Tim Cook reported a 16% revenue increase to $109.4 billion, but acknowledged significant supply chain challenges. iPhone sales growth is slowing, and rising memory chip prices are impacting margins, warned Apple.
Business BUY AAPL Stage 2 (Conv: 5/5 | Size: 20%)
Apple warns iPhone, Mac sales may slow amid supply crunch; Tim Cook says ‘seeing some significant constraints currently’
Apple CEO Tim Cook reported a 16% revenue increase to $109.4 billion, but acknowledged significant supply chain challenges. iPhone sales growth is slowing, and rising memory chip prices are impacting margins, warned Apple. Source: Read the original article on www.livemint.com
