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No relief from semiconductor shortages in 2022, says ABI

A combination of global risk factors will lead to the supply chain industry taking until 2023, and possibly beyond, to resolve the current electronic component shortage issues, says ABI Research. According to their new report, 70 Tech Trends that will/will not shape...

Supply chain woes continue to cost Apple & Nintendo billions

Nov 2, 2021

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.

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