{"id":311140,"date":"2021-10-29T10:47:27","date_gmt":"2021-10-29T10:47:27","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=331828"},"modified":"2021-10-29T10:47:27","modified_gmt":"2021-10-29T10:47:27","slug":"apple-top-line-hit-by-ongoing-chip-shortages","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/10\/29\/apple-top-line-hit-by-ongoing-chip-shortages\/","title":{"rendered":"Apple top line hit by ongoing chip shortages"},"content":{"rendered":"

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\tApple took a $6 billion hit on revenue due to a global chip crisis and manufacturing disruption caused by Covid-19 (coronavirus) in its fiscal Q4 2021 (25 June to 25 September), an issue CEO Tim Cook warned would cost the company even more in its next quarter.<\/p>\n

On an earnings call, Cook cited greater than expected supply constraints as the factor behind the revenue hit, with Apple’s\u00a0iPhone, iPad and Mac all affected.<\/p>\n

Cook cited chip shortages and Covid-19 disruptions in southeast Asia as the major issue, but added the latter had improved materially across October.<\/p>\n

The company predicted the impact of supply constraints to be greater in its fiscal Q1 2022 (26 September to 25 December), traditionally Apple’s most lucrative period.<\/p>\n

In fiscal Q4 2021, net income rose 62 per cent year-on-year to $20.5 billion, boosted by higher-margin services growth which CFO Luca Maestri noted on the call generated revenue of $18.2 billion compared with $14.5 billion in the comparable quarter of fiscal 2020 on \u201call-time records\u201d across cloud, App Store and payment services.<\/p>\n

Maestri noted Apple ended the quarter with 745 million paying subscribers.<\/p>\n

Overall revenue grew 29 per cent to $83.4 billion.<\/p>\n

Product sales of $65 billion were up from $50.1 billion, with Cook pointing to a line of its \u201cmost powerful products ever\u201d.<\/p>\n

The iPhone accounted for the largest bulk of its revenue, with smartphone sales up 47 per cent to $38.9 billion. Mac brought in $9.2 billion, up 1.6 per cent and iPad sales increased 21.4 per cent to $8.3 billion.<\/p>\n

Wearable sales rose 11.5 per cent to $8.8 billion.<\/p>\n\n

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Apple took a $6 billion hit on revenue due to a global chip crisis and …<\/p>\n

The post Apple top line hit by ongoing chip shortages<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Apple top line hit by ongoing chip shortages - ITTeacherITFreelance.hk","description":"Apple took a $6 billion hit on revenue due to a global chip crisis and ... The post Apple top line hit by ongoing chip shortages appeared first on Mobile World"},"footnotes":""},"categories":[11,10,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/311140"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=311140"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/311140\/revisions"}],"predecessor-version":[{"id":311141,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/311140\/revisions\/311141"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=311140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=311140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=311140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}