Chip bottlenecks and corona failures cost Apple billions

Cupertino (dpa) – Apple has been caught up with the global chip shortage: Despite significant growth, the iPhone group missed even more optimistic forecasts from analysts in the past quarter.

The bottlenecks in the The supply chain and Corona failures in production had reduced sales by around six billion dollars, said CEO Tim Cook.

In the current quarter, the negative effect will be even greater, warned CFO Luca Maestri in a conference call with analysts. Nevertheless, Apple expects growth for the important Christmas quarter. Only with the iPad is to be expected with less sales in view of the chip problems. Basically, however, “pretty much all of our products are affected,” admitted Cook. Apple is also not immune to the logistics problems that plague many companies, even if the company can contain them with money. “We’re seeing a significant increase in transportation costs,” said Cook.

Increase in revenue and iPhone sales

In the past quarter, Apple still increased revenue year-on-year 29 percent to around 83, $ 4 billion (71 , 4 billion euros). However, analysts had expected around $ 1.5 billion more. IPhone sales jumped from 47 percent to 38 $ 9 billion . But an even better value of 41 .6 billion dollars was expected on the market. The share fell in after-hours trading on Thursday by around three percent.

According to calculations by the analyst Canalys, Apple increased iPhone sales by 14 percent to 49, 2 million devices and thus regained second place in the smartphone market. For the front runner Samsung, the experts calculated a decrease of 13 percent to 69 , 4 million devices.

At the same time, Apple was able to grow in all product lines in the past quarter – even if not strongly in all of them. Sales of Mac computers increased by 1.6 percent to around 9 18 billion dollars. With the iPad, however, sales rose by a good 21 percent to 8, 25 Billion dollars. Apple sees it as a good sign that around half of the buyers bought a Mac or iPad for the first time.

Other services and bottlenecks

Business with services such as Apple Music and iCloud storage grew by a good quarter to 18, 28 Billion dollars. Apple will soon be expanding its subscription offer in Germany to include the Fitness + training service. In total, Apple had 745 million subscription customers at the end of the quarter – that was 160 million more than a year earlier.

Consolidated net income closed at the end of September fourth fiscal quarter rose 62 percent to 20 $ 5 billion. Apple is now sitting on reserves of 191 billion dollars, which are offset by debts of 125 billion dollars.

The production losses are due to corona lockdowns has now largely been resolved, stressed Cook. The shortage of chips is almost exclusively responsible for the headwind. The demand for Apple products is meanwhile “very robust”. The Christmas quarter with the new iPhone is traditionally the most lucrative for Apple.

The chip bottlenecks are currently affecting the entire technology industry. In the corona pandemic with regular work and study from home, the demand for computers and other electronics increased. One consequence is that the capacities of some types of chips and other components are no longer sufficient. The automotive industry was hit particularly hard – various manufacturers had to repeatedly stop production. Apple traditionally has a well-organized supply chain and has so far navigated the chip crisis without any noticeable problems.

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