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Apple Delivers Strong Forecast in Sign It’s Weathering Shortages

Bloomberg.com·Mark Gurman·about 1 month ago
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Apple Inc. delivered a surprisingly strong revenue forecast for the third quarter, even as it warned that memory-chip costs will increase and that shortages of Mac computers will persist for “several months.”

Sales will rise 14% to 17% in the period, which runs through June, the company said during a post-earnings conference callBloomberg Terminal Thursday. That range trounced the 9.1% that analysts had anticipated on average, helping send the shares rallying in New York on Friday.

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