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Apple CEO

blamed lower-than-expected revenue on 3 factors: foreign exchange rates, tough macroeconomic conditions and Covid-19 related production challenges that reduced iPhone 14 Pro and iPhone 14 Pro Max shipments.

Apple's quarterly sales and earnings fell short of expectations

The report comes as others in tech have warned of weak demand.

1

3

Yes, but:

says iPhone 14 Pro and Pro Max “production is now back where we want it to be," Cook said.

Apple's quarterly sales and earnings fell short of expectations

The report comes as others in tech have warned of weak demand.

10:21 PM · Feb 2, 2023

690

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