Apple’s stock dipped amid supply chain woes and soaring component costs, yet revenue surged 16% to $109 billion in Q3, fueled by a 22% iPhone and 29% Mac sales spike. While CFO Kevan Parekh warned of tighter chip shortages squeezing margins, CEO Tim Cook framed the bottleneck as a sign of booming demand — calling it “a good problem to have” as Apple races to meet surging consumer appetite.
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