Apple’s revenue grew up 54% to trades about $90 billion after a shockingly powerful quarter, with a double-digit margin increment in each single product category. Wall Street has already started a discussion about whether Apple could continue this growth figure for the rest year.
Since the pandemic starts, Apple has not yet offered official future guidance. According to the CFO, Luca Maestri, in the quarter-end, Apple would again grow with powerful double digits. However, there were few cautions.
Apple also facing similar issues related to the shortage of microchip that has growled businesses and industries across the globe. Despite their formed legendary operations group, developed by Tim Cook, the CEO, that seems vital components in for several years at competitive prices.
On Wednesday, Apple said that they are expecting the third-quarter trades to remain almost $3 billion to $4 billion. It could become less than their expectation if there are any supply issues fundamentally for its Mac laptops, iPad tablets, and desktops. Before Wednesday’s earnings Analysts polled expect Apple to be reported almost $70 billion in next quarter trades.
According to Cook, Apple’s problem was primarily in the “Legacy node” chips that apply older producing methods. In comparison with the bleeding-edge high-quality performance providing chips that empower its gadgets’ heart.
Cook yet did not specify those parts which are current shortage supply, but Apple purchases a huge amount of legacy node chips for transmitting data functions to display screens, power supply to cameras, batteries management, and audio decoding.
