Apple shares drop 6% as supply constraints weigh on revenue guidance
Apple's stock fell 6% after the company reported third-quarter earnings on Thursday and issued a weaker-than-expected revenue outlook. Apple warned of possible future 'supply constraints' affecting production of the Mac, iPhone and iPad lines, unsettling investors.
Apple released third-quarter earnings after the market closed Thursday, and shares fell 6% in after-hours trading. The decline followed a weaker-than-expected revenue forecast for the coming period.
Company executives warned that component supply for the Mac, iPhone and iPad lines could face constraints in the months ahead. Officials said fluctuations in the global supply chain are complicating production planning.
Analysts said the supply chain uncertainty poses a risk for Apple heading into the holiday shopping season. Investors will watch closely how the company manages these constraints in coming quarters.
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