The Apple logo at the entrance to the Apple store on 5th Avenue in Manhattan, New York, US. Picture: REUTERS/MIKE SEGAR
The results suggest that Apple is gaining momentum as the company navigates its way through the pandemic and readies a fresh iPhone lineup in coming months. Still, parts shortages and a patchwork of Covid-19 restrictions continue to weigh on its business. Apple previously warned that third-quarter revenue would take a hit of $3bn to $4bn because of the chip shortage affecting some iPad and Mac components. The Cupertino, California-based company didn’t provide revenue guidance for the fourth quarter, continuing a trend it started when the Covid-19 pandemic first struck the company in 2020.
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