Apple’s sales surge, but supply worries send shares lower in Tim Cook’s final earnings report as CEO

Malay Mail

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Apple posted record quarterly revenue and profit, with iPhone sales up 22%, but warned that supply constraints, especially memory chip shortages, could curb future sales. The warning caused Apple shares to fall after the earnings call, reflecting investor concern over the memory crunch.

SAN FRANCISCO, July 31 — Apple beat market expectations in its latest results on Thursday, capping Tim Cook’...

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Apple’s sales surge, but supply worries send shares lower in Tim Cook’s final earnings report as CEO

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