10/28/2021- 6:47 p.m.
Apple sales miss expectations, CEO says supply chain issues cost company $6 BILLION
The companyās revenue fell short of expectations in its fiscal fourth quarter on Thursday, which CEO Tim Cook attributes supply constraints on Appleās products.
āThe 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,ā Cook told CNBC.
However Appleās overall revenue was still up 29% on an annual basis and each of its product categories have grown year by year.
