Despite ongoing chip shortages and the ever-lasting COVID-19 pandemic, iPhone-maker Apple has announced record-breaking March quarter revenue of $97.3 billion, up 9 percent from the same time last year . Apple CEO Tim Cook said in an earnings call that chip shortages and the COVID-19 pandemic have affected the company in the range of $4 billion – $8 billion.
Cook said he was “delighted” by the response to Apple’s new products and the progress the company is making to become carbon neutral in its supply chain and products by 2030. He also said that the company is committed to be a force to be reckoned with. good in the world. “We have estimated the odds to be between $4 billion and $8 billion,” the Cook told investors, further added that these constraints were largely centered around the Shanghai Corridor.
Read also: Apple is now selling smart water bottles for around Rs 5000 after cleaning clothes in its store
Cook, however, said that the good thing is that all these factories have now started again. Cook was also optimistic about the decline COVID-19 Cases in the Shanghai area China,
Apple CEO also said that he is very happy with it iphone 13 The family of products that gave Apple the company’s overall results on the iPhone was $120 billion in revenue for the first half.
WATCH VIDEO: Elon Musk Buys Twitter: Here Are 4 Big Changes You Can Expect
Apple On the other hand, CFO Luca Maestri warned in an interview that the war in Ukraine, which caused Apple to stop sales in Russia, would cut sales further in the fiscal third quarter. He told analysts on the call that supply-chain issues would impact sales in the quarter by $4 billion to $8 billion, which is “significantly bigger” than the hit in the second quarter.
read all Breaking News , today’s fresh news And IPL 2022 Live Updates Here.