Apple’s iPhone revenue jumps to $57 billion despite chip shortages

"Apple's iPhone revenue jumped 22 percent to $57 billion over the past few months, despite supply chain issues impacting the device's processor. In an interview with Reuters, Apple CEO Tim Cook said iPhone "demand was off the charts," but there's "a little less flexibility at the moment for getting more parts." Cook added during an earnings call that supply constraints could come for Mac, too, "given the continued high levels of demand that we're seeing." Apple earned $111.2 billion in revenue du"

Original Source

This report is based on coverage originally published by The Verge.

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