Earnings Results: Apple stock swings to a loss after executives warn of billions in added costs
Apple Inc. topped earnings expectations and set a new record for March-quarter revenue to start 2022, but executives expect to see steeper pressure and billions in additional costs from challenges in the current period, sending shares lower in after-hours trading. “Supply constraints caused by COVID-related disruptions and industry-wide silicon shortages are impacting our ability to meet customer demand …


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