Apple has says it has taken a 4 to 8 billion dollar hit from the pandemic
The company is releasing its quarterly results, where it blamed COVID and the broader supply chain crisis as key challenges.
Chief Financial Officer Luca Maestri says the projected impact is “substantially larger than what we experienced during the March quarter.”
The Apple boss also notes how pausing all sales in Russia will hurt the company’s growth by about 1 basis point year-over-year.
Apple shares are down 3.5 per cent to 158 dollars in after-hours trading.
Before this earnings report, the company’s stock was down 7.8 per cent.
