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Published on 28 Jul 2021 on Benzinga

Apple Expects Chip Shortage's Toll On iPhone Production To Worsen In Current Quarter



Apple Inc (NASDAQ: AAPL) is tapering down future earnings expectations as it comes face-to-face with the ongoing global semiconductors shortage.

What Happened: The iPhone maker forecast double-digit growth for the current fourth quarter but said the number would be below the 36.4% growth seen in the third quarter.

NASDAQ.AAPL price evolution

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