Apple Inc on Thursday reported record sales in the holiday quarter, beating estimates as it benefited from high iPhone demand in China and withstanding supply chain constraints and Omicron variant disruptions.
Chief Executive Tim Cook had warned in October that chip shortages were affecting the manufacturing of most Apple products and could lead to over $6bn in lost sales.
Chief Financial Officer Luca Maestri told Reuters news agency in an interview that the effect had indeed been more than $6bn, but that constraints would decrease in the current quarter, ending in March.
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