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Benzinga

Business

Rishabh Mishra

Apple Underestimated Its Own Customers: AAPL CEO Tim Cook Blames 'Demand Forecast Issue' for Q4 Supply Bottlenecks

Tim Cook Apple AAPL John Ternus

Tim Cook Apple

Apple Inc.’s (NASDAQ:AAPL) record-breaking fiscal third quarter is being overshadowed by looming fourth-quarter supply shortages. The surprising culprit? The tech giant underestimated consumer demand for its own products, contributing to a weaker-than-expected September-quarter outlook and a sharp drop in after-hours trading.

‘A Demand Forecast Issue’

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Top stories on inkl right now

Why won’t India’s election chief resign despite massive protests against him?

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As demonstrations sweep India demanding Gyanesh Kumar’s ouster for allegedly manipulating voter rolls, analysts tell Namita Singh the confrontation is about far more than one official

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France and Chad sign 'renewed' defence partnership following two-year hiatus

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Radio France Internationale

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

Airlines Face Israel Crew Rules: After flydubai incident, Air France bans Pakistani, Muslim-majority pilots

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