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Apple sales miss expectations, Tim Cook says supply issues cost company $6 billion

Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints.

Apple’s overall revenue was still up 29% on an annual basis and each of its product categories grew on an annual basis.

Apple hasn’t provided official guidance since the start of the pandemic, but Cook said Apple expects “solid year-over-year revenue growth” in the December quarter despite the fact Apple will face worse supply constraints.
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