Apple says semiconductor shortage will affect iPhone production in fourth quarter

Source: Tech – South China Morning PostApple Inc said on Tuesday that a global chip shortage that has bit into its ability to sell Macs and iPads will start to affect iPhone production and forecasted slowing revenue growth, sending its shares lower.Apple executives said revenue for the current fiscal fourth quarter will grow by double-digits but be below the 36.4 per cent growth rate in the just-ended third quarter. Growth will also slow in Apple’s closely watched services business, they said.In a conference call with investors,…Read More

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