Apple shares fell nearly 4% in extended trading after Apple CFO Luca Maestri warned of several challenges in the current quarter, including supply constraints related to Covid-19 that could hurt sales by between $4 billion and $8 billion. The tech giant also warned that demand in China was being sapped by Covid-related lockdowns.
Apple CEO Tim Cook added the company was “not immune” to supply chain challenges.
Apple did not provide a forecast for the current quarter — the company hasn’t provided official revenue guidance since February 2020, citing uncertainty tied to the pandemic.
https://www.cnbc.com/2022/04/28/apple-aapl-earnings-q2-2022.html
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