HOW ABOUT THEM APPLES: Major tech company hits new quarterly revenue record despite big bumps
showed profits of $34.63 billion, or $2.10 per share, beating Wall Street estimates of $1.90 per share. Were it not for parts shortages and supply chain woes, Apple's earnings might have been even higher.
Cook had said in October that demand for Apple products was strong, but blamed supply chain issues for costing the company an estimated $6 billion in the previous quarter. It appears the firm was able to navigate through a lot of the problems during the last three months of 2021.on Thursday as the company released its Q1 2021 results.
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