The iPhone manufacturer is feeling the effects of the chip crisis.
(Photo: dpa)
Cupertino The global chip shortage caught up with Apple in the past quarter. Despite significant growth, the iPhone group missed even more optimistic forecasts from analysts. The bottlenecks in the supply chain and Corona failures in production would have pushed business by around six billion dollars, CEO Tim Cook told CNBC. The share fell in after-hours trading on Thursday at times by four percent.
Apple still increased quarterly sales year-on-year despite the headwind by 29 percent to around 83.4 billion dollars (71.4 billion euros). Analysts had expected around 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.