Apple CEO Tim Cook said that the company’s supply issues were improving. He said that in terms of supply challenges, the December quarter was worse than Apple’s September quarter, but that he is projecting the March quarter to improve.
“Our biggest issue is chip supply, it’s chip supply on legacy nodes,” Cook said. “And we’re doing okay on the leading edge stuff.”
Leading edge chips are the powerful processors at the heart of a phone, while “legacy node” chips are the other, less sophisticated parts that run functions like driving displays or managing power.
This is good news that global supply chain issues are relieving in certain major areas.
Apple had 43.8% gross margin on $123.9 billion in revenue. Revenue was at 11% over the prior quarter. Apple had $34.6 billion in net income in three months.
SOURCES= Apple
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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