Apple had seemingly avoided the chip shortage for months, but it’s finally caught up with the company in legacy nodes.
Mark Gurman for Bloomberg News:
If only one chip or part is in tight supply, Apple can’t build and ship that device… If it were not for the current problems, Apple would have reported a record $90 billion for its fiscal fourth quarter. And instead of missing analyst expectations for total sales—as well as falling short in revenue from the iPhone, Mac and accessories—it probably would have had a clean sweep of beating Wall Street forecasts.
On the call, Cook cited two main causes for Apple’s woes: supply chain problems related to Covid-19 and the chip shortage, which itself was created in part by Covid-19. Cook says the former was resolved this month, while the latter is an ongoing threat.
While the impact to the previous quarter was a whopping $6 billion—more than half of what Apple makes quarterly from the Mac—the holiday quarter is where the company will really get hit.
Cook said that the impact on revenue will be greater than $6 billion during Apple’s fiscal first quarter, which includes the holiday season. But he also said sales would hit an all-time record, surpassing the $111 billion the company posted a year ago.
MacDailyNews Take: Again, , Apple posted an all-time September quarter revenue record of $83.4 billion, up 29% year over year – yes, a company Apple’s size grew 29% year over year. For the 2021 fiscal year, Apple reported revenue of $366 billion, representing 33% annual growth. For the 2021 fiscal year, Apple reported net income (profit) of $94.7 billion.
Apple’s quarterly income, fiscal 2021:
• Q121: $28.8 billion
• Q221: $23.6 billion
• Q321: $21.7 billion
• Q421: $20.6 billion
Total 2021 net income: $94.7 billion
That’s right, Apple made more in the last 365 days than Lockheed Martin, Dell, General Motors, Ford, or FedEx are worth.
And, yes, the various and sundry reactions, rational and irrational, to COVID-19, have caused all manner of supply chain disruptions worldwide. Shocking.
Apple’s holiday season is going to be so “difficult” that the company might only generate a $115+ billion in revenue in some 90-odd days, setting yet another new all-time quarterly revenue record.
Again, profit from irrational overreaction. This too shall pass.
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COVID 19 = the flu. Except for all the government and media branding and marketing campaigns. You can’t lock the entire country down, close churches and businesses, and force everyone to wear a mask that does nothing, with the “flu”. But, a population that feeds itself rap music and the Kardashians all day long can easily be terrified by something “novel” called COVID 19, that started with Chinese people devouring live bats and having the blood and entrails dripping down their faces. So there it is. And it achieved Mail In Ballots and got Joe B 11 million more votes than Obama. And now it’s screwed up Apple, which put all its weight behind Biden because they both desired this Utopia they have brought on all of us. Thank you Tim Cook.
I’m sure Joe will get the shelves stocked and prices down in no time.
I work in the supply chain. Capacitors are in massively short supply. And any boat shipping, up to 16 weeks now due to container imbalances. Lastly, the one portion NEVER talked about, is China is screwing with everyone. They are cutting back hours and in some cases 6 work days is not allowed.
The CCP simply believes this WH administration can be squeezed to give up the tariffs. I am guessing within 3-6 months the Biden admin will remove the tariffs and suddenly components won’t be in such short supply.
The CCP pulling strings is a big, big, part of the hurt right now. No one like Cook would ever dare say this but it’s true. I see with my own factories every day.
Somewhere a snowflake got burned by the posts and they flew into an uncontrollable fake one-star down vote rage. I can almost see them frantically pounding away at their keyboard!
Kent got fake one-star down votes because he wrote, “Wuhan 19 = flu”
Let Joe Go! got fake one-star down votes for suggesting that Joe can fix things. Maybe Let Go Joe could get 60+ fake five-star votes for suggesting that Joe can only make things worse. Anyone been to the supermarket recently?
MasksDoNotWork got fake one-star down votes because their name is MasksDoNotWork and because masks do not work.
Obviously someone was “triggered” by their posts and I’m loving it!! I have a feeling that Kent, Let Joe Go and MasksDoNotWork are finding it all quite delicious. Yum, yum! Getting a deluge of fake one-star down votes is kind of a Badge of Honor!