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Dubai News Club > Tech > Apple says Mac sales are getting hit hard by supply constraints
Tech

Apple says Mac sales are getting hit hard by supply constraints

Press Room
Last updated: 2022/07/28
Press Room
Published: July 28, 2022
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Apple narrowly outperformed Wall Street expectations with its Q3 earnings on Thursday afternoon, reporting a slight year-over-year increase in iPhone revenue and a 12 percent jump for its services division. But elsewhere, the company’s numbers sagged: Mac revenues were down by 10 percent — a drop that CEO Tim Cook attributed to supply chain constraints and unfavorable foreign exchange rates. But it also matches an industry-wide trend of PC sales being on the decline.

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