Shares of iPhone maker Apple (AAPL) have sold off following its second-quarter results. Though its performance set a new non-holiday record, its management forecasts a substantial hit to its top and bottom lines due to ongoing supply chain issues. During the latest earnings call, CFO Luca Maestri pointed out that pandemic-led disruptions and the global semiconductor shortage have been hampering Apple's ability to meet demand. The tech giant could lose $4 billion to $8 billion in sales in the current quarter. Consequently, Maestri's comments had investors pushing the panic button.
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Apple (NASDAQ:AAPL)
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