Apple Beats Q3 Estimates but Weak Sales Outlook on Chip Supply Constraints Hits Stock

Strong iPhone and Mac sales lifted Apple’s quarterly revenue above expectations, but a softer September-quarter forecast and ongoing chip shortages weighed on investor sentiment. Apple reported better-than-expected results for its fiscal third quarter, driven by strong demand for iPhones and Macs. However, the company projected slower revenue growth for the September quarter due to ongoing […]