Apple reports massive iPhone sales increase but warns on chip supply

iphone x xs

Apple reported extremely strong third-quarter earnings this week beating analyst expectations, but despite strong results, the company’s stock price fell after executives warned that chip supply constraints could impact iPhones and iPads this quarter, according to Breitbart.

Apple CEO Tim Cook said in a call with analysts that the company is seeing supply constraints related to “silicon,” which is a general term referring to computer chips, that could affect the company’s iPhone and iPad sales in the September quarter.

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