02 Nov 2021 -
 General

Supply chain woes continue to cost Apple & Nintendo billions

Apple CEO said the company has suffered “larger-than-expected supply constraints” which have cost Apple $6 billion in Q3, reports NikkeiAsia.

Tim Cook, Apple CEO, said last wee, “We estimate these constraints had around a $6 billion revenue dollar impact, driven primarily by industry-wide silicon shortages and COVID-related manufacturing disruptions.”

“But we believe that by the time we finish the [current] quarter, that the constraints will be larger than the 6 billion that we experienced” in the September quarter, the CEO added.

Despite this, Apple posted record September-quarter revenue of $83.4 billion, driven by sales of 5G iPhones, especially in the Chinese-speaking world.

Meanwhile, Nintendo had to make 20% fewer Switch consoles due to chip crunch. The production was revised down to 24 million units for fiscal 2021 despite high demand.

To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.

For more help with looking at supply chain options, contact Astute Electronics here

Related News

04 Mar 2024 - Industrial

Groundbreaking USB-C Technology from Pulsiv and Astute Electronics Signals the End of Bulky Wall Chargers

Read more

04 Mar 2024 - General

DRAM market boom, set to soar in ’24

Read more

01 Mar 2024 - General

Rising shipping costs adding to core inflation

Read more

01 Mar 2024 - General

Power module market to boom, but costs under pressure

Read more

29 Feb 2024 - General

Electronics industry optimistic: bright start to 2024

Read more

26 Feb 2024 - General

India’s WTO stance raises concerns for chip industry growth

Read more