Apple results hit by supply chain woes, Cook says holiday quarter impact will be worse
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Apple (AAPL) Stock Falls as Supply Chain Constraints Weigh on Sales and are Expected to Worsen in December Quarter, Analyst Says Buy the Dip
October 29, 2021 4:36 AM EDTShares of Apple (NASDAQ: AAPL) are down 3.5% in pre-open Friday after the tech giant reported mixed FQ4 results.
Apple said it earned $1.24 per share, in line with the analyst estimate of $1.24. Revenue for the quarter came in at $83.4 billion to miss on the consensus of $84.85 billion.
iPhone sales came in at $38.87 billion, compared to the $26.44 billion reported last year, lower than the $41.51 billion consensus. Services revenue was reported at $18.28 billion to top the $17.64 billion estimated. iPad revenue also topped expectations ($8.25 billion vs $7.23 billion), while revenues from other products and Macs came in... More
