October 29, 2021 Sophia Vida

Apple Misses Sales Expectations with Supply Issues Costing Company $6 Billion

iPhone maker Apple reported its fiscal fourth quarter financial results on Thursday that missed expectations. While overall revenue was still up 29% on an annual basis, coming in at $83.36 billion was below the $84.85 billion expected per Refinitiv. According to the company’s CEO Tim Cook, supply issues attributed to the revenue miss and had … Continue reading “Apple Misses Sales Expectations with Supply Issues Costing Company $6 Billion”