Apple quarterly revenue record high despite chip shortage

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AFP

San Francisco (AFP) – Apple reported record $124 billion quarterly revenue on Thursday, despite a global chip pinch and shifting impacts of the pandemic that have weighed down other big tech players. The Silicon Valley giant has soared in the pandemic era as users relied on their products and services, but the stubborn shortage of chips, supply chain troubles and changing impacts of the health crisis have caused uncertainty. “We are gratified to see the response from customers around the world at a time when staying connected has never been more important,” CEO Tim Cook said in an earnings sta…

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