Apple’s Q4 2021 financial results have been announced, with most areas missing analyst expectations due to supply chain issues.
Apple CEO, Tim Cook, has said:
“This year we launched our most powerful products ever, from M1-powered Macs to an iPhone 13 lineup that is setting a new standard for performance and empowering our customers to create and connect in new ways,”
“We are infusing our values into everything we make — moving closer to our 2030 goal of being carbon neutral up and down our supply chain and across the lifecycle of our products, and ever advancing our mission to build a more equitable future.”
Supply chain issues were blamed for the missed estimates, with Cook saying:
“So we finished about a month of the quarter, the COVID related manufacturing disruptions have improved greatly. The chip shortages linger on..”
Shares of Apple Inc. fell 3.7% ($5.85) after hours on Thursday, trading at around $147.