Supply Problems Expected to Get Worse
While we may appear to be coming out of the pandemic, Apple’s supply chain is still reeling from its effects — not to mention the new waves that have hit China more recently.
Apple’s CFO, Luca Maestri, told investors they should expect even more shortfalls during the third quarter of this year, estimating that it could impact Apple’s sales figures by as much as $8 billion. This is due to component shortages and the disruptions caused by new COVID-19 outbreaks in China.
However, Maestri also added that Apple’s halting of product sales in Russia will also have an impact on Q3 2022, along with weakened demand in China as a result of new COVID-19 lockdowns.