Apple Faces Chip Shortages But Demand Remains Strong Amid Rising Costs
Macro·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Apple is currently facing challenges including chip shortages, rising memory costs, and margin pressure. Despite these issues, demand for its products remains remarkably strong, with surging Mac sales and resilient iPhone growth.
Baird analyst Will Power suggests that investors should look through the near-term supply turbulence, emphasizing the ongoing strength in Apple's sales figures.
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“Apple may be battling chip shortages, rising memory costs, and margin pressure, but demand remains remarkably strong.”
Bloomberg — Apple Battles Chip Shortages