Apple's fiscal fourth-quarter revenue amounted to US$83.4 billion, missing estimates of US$84.7 billion
The results spark fresh concerns about Apple’s ability to navigate a global supply crunch that has wreaked havoc on the auto, tech and consumer-product industries. The company has a slew of new products that it needs to get into consumers’ hands before the holidays, a period that’s expected to set sales records. In addition to the iPhone upgrade, the company has rolled out new watches, iPads, Mac computers and other items.
The shares tumbled as much as 5.3 per cent to US$144.42 in late trading after the results were released. They had been up 15 per cent this year through Thursday’s close.
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