Instant Reaction: Apple Slides After Supply Shortages Hurt Its Sales Forecast
Apple tumbled in late trading after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated. Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings conference call Thursday. Analysts had estimated growth of more than 12%.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
- Ed Ludlow, Bloomberg Tech co-host
- Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
- Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech
See omnystudio.com/listener for privacy information.
More description
Apple tumbled in late trading after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated. Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings conference call Thursday. Analysts had estimated growth of more than 12%.
For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:
- Ed Ludlow, Bloomberg Tech co-host
- Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
- Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech
See omnystudio.com/listener for privacy information.
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