Apple expects a hit of $4-8 billion in the June quarter from Covid-19 lockdowns in China and the semiconductor supply chain crunch, company executives said Thursday.
The impact will depend on the speed of the ramp-up of production in the Shanghai area, where factories have recently begun to reopen after a Covid-19 lockdown, said chief executive Tim Cook.
The warning pressured Apple shares after the company reported stronger-than-expected results for the March quarter.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.