Supply chain disruptions are taking a bite of out Apple, and it may make it harder to get your hands on that shiny new tablet or laptop.
Apple warns that it can't make enough iPads and Macs to keep up with demand, thanks to the global shortage in semiconductors that has already disrupted production at almost every major car company, from Ford to VW.
Luca Maestri, Apple's chief financial officer, said late Wednesday that the lack of supply will cut into sales of both these products and lop off between $3 to $4 billion of its revenue in the next three months.
Still, Apple, says it expects sales to grow in the current quarter. The announcement came in an earnings call just a week after the company introduced new iPads and computers.
I bet if we look a little deeper, we will find that most of the semiconductors, chips and PCs regardless of brand, come from China as a result of US Companies moving production to China and giving them the technology to do so... Just a thought...