Apple Could Have Made $6 Billion More

While you wouldn’t know it from its record-smashing quarter, it turns out that Apple’s bottom line was, in fact, impacted by the ongoing global chip shortages, with Tim Cook telling CNBC that the company lost out on $6 billion in revenue due to supply chain issues.

“We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion. The supply constraints were driven by the industry wide chip shortages that have been talked about a lot, and COVID-related manufacturing disruptions in Southeast Asia.”
– Tim Cook