Apple's Sales Could Have Been Stronger Without Chip Shortage Constraints, Analyst Notes

Deep News05-01 19:43

According to Ben Barringer, an analyst at Quilter Cheviot, Apple's financial results surpassed market expectations, with second-quarter revenue increasing by 17% year-over-year. Third-quarter revenue growth is projected to reach 15%.

This revenue growth was primarily driven by strong sales of the iPhone 17, with the Mac mini also showing an upward sales trend.

Barringer pointed out that the US tech giant's sales figures could have been even higher if not for constraints caused by the chip shortage. The analyst also mentioned that Apple has indicated plans to increase capital investment to expand its presence in the artificial intelligence sector.

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