iPads and Macs may not be available as per demand due to chips: Tim Cook
Apple has surprised everyone in the first quarter of 2021. The company grew its business by 54 percent over the same period last year.
Each product of the company has a double-digit increase. The market for the company’s most important product, the iPhone, has grown by 65.5 percent compared to last year. The market for Macs and iPads has also grown significantly.
According to the company, sales of Mac computers have increased by 70.1 percent and iPads by 79 percent over the previous year. The company’s revenue is. 89.58 billion. This is an increase of 53.7 percent over the previous year.
The company, which has achieved such a large increase, is expected to lose business by the end of the year. Apple CEO Tim Cook said the iPad and Mac could be in short supply in the last quarter of the year due to a lack of chips in the market.
“The lack of microchips is affecting some of the world’s largest technology companies. That will affect Apple as well, “he said.” It will also affect Apple, mainly the iPad and Mac markets.
The company also said that if the same problem persists in the chip, it will affect the revenue by the end of the year. It is estimated that the company’s revenue could be reduced by three to 10 billion dollars as the inconvenience in the chip will also affect the device supply.