Supply issues cost Apple $6 billion in Q4 2021, CEO Tim Cook says

Apple CEO Tim Cook says that ongoing supply problems cost Apple $6 billion in the September quarter, leading to the company missing Wall Street revenue expectations.

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The Cupertino tech giant reported revenue of $83.4 billion for its fourth quarter, which corresponds to the third calendar quarter of the year. Although it marks 29% year-over-year revenue growth, that number came in below analyst and investor forecasts for Apple's September quarter.

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