Apple reports positive results despite shortages and economic fallout

The tech giant saw nearly $3t in profits despite challenges created by the Russia-Ukraine war and the global supply chain

Apple on Thursday reported quarterly results that topped analysts’ projections despite supply shortages, economic fallout from the Russia-Ukraine war and a comedown from the huge sales lift that technology products and service got from pandemic restrictions.

The results for the January-March period drew a picture of a still-expanding empire generating massive profits that have yielded the firm a $2.7t market value – the largest among U.S. companies.

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The tech giant saw nearly $3t in profits despite challenges created by the Russia-Ukraine war and the global supply chain
Apple on Thursday reported quarterly results that topped analysts’ projections despite supply shortages, economic fallout from the Russia-Ukraine war and a comedown from the huge sales lift that technology products and service got from pandemic restrictions.
The results for the January-March period drew a picture of a still-expanding empire generating massive profits that have yielded the firm a $2.7t market value – the largest among U.S. companies. Continue reading…Technology | The Guardian

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