Iconic iPhone sales increase as demand for all products bolstered by retail stores reopening globally
The Apple logo at the entrance to the Apple store on 5th Avenue in Manhattan, New York, US. Picture: REUTERS/MIKE SEGAR
The results suggest that Apple is gaining momentum as the company navigates its way through the pandemic and readies a fresh iPhone lineup in coming months. Still, parts shortages and a patchwork of Covid-19 restrictions continue to weigh on its business. Apple previously warned that third-quarter revenue would take a hit of $3bn to $4bn because of the chip shortage affecting some iPad and Mac components. The Cupertino, California-based company didn’t provide revenue guidance for the fourth quarter, continuing a trend it started when the Covid-19 pandemic first struck the company in 2020.
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