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Bloomberg Intelligence

Instant Reaction: Apple Slides After Supply Shortages Hurt Its Sales Forecast

July 30 · 10 min · 10.0 MB
0:00-10:27

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Apple tumbled in late trading after component shortages weighed on the company’s sales forecast, signaling that industrywide supply constraints are taking a bigger toll than anticipated. Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings conference call Thursday. Analysts had estimated growth of more than 12%.

For instant reaction and analysis, Bloomberg Businessweek Daily hosts Carol Massar and Tim Stenovec speak with:

  • Ed Ludlow, Bloomberg Tech co-host
  • Anurag Rana, Bloomberg Intelligence Senior Technology Analyst
  • Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech

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