Instant Reaction: Apple Slides After Supply Shortages Hurt Its Sales Forecast | Bloomberg Tech Crimson Desert Patch Notes [TKNiesSMqoy]

Apple tumbled in late trading after component shortages weighed on the companys sales forecast, signaling that industrywide supply constraints are taking a bigger toll benson boone than anticipated. Revenue will rise 9% to 11% in the fiscal fourth quarter, which runs through September, the company said on a post-earnings conference call Thursday. Analysts had estimated growth of more than 12%.

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Mark Gurman, Bloomberg News Managing Editor for Global Consumer Tech

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Instant Reaction: mikal bridges Apple Slides After Supply Shortages Hurt Its Sales Forecast