Apple Set to Feel Up to $8 Billion Revenue Hit

Apple reported $97 billion in Q2 revenue, with $50 billion from iPhones and $20 billion from services. However, Q3 is expected to face challenges, including a $4-8 billion revenue hit due to COVID lockdowns, chip shortages, and global issues like the Ukraine war. Analysts questioned CEO Tim Cook about supply chain adjustments, but he defended Apple's infrastructure. Despite challenges, analysts predict a year-over-year revenue increase. Supply chain disruptions have caused delays in MacBook Pro and iPad production, and may affect other products like iPhones and Apple Watches.

What was Apple's reported revenue for the second quarter?

What challenges did Apple anticipate for Q3?

How much of a negative hit to revenue is Apple expecting due to COVID-related issues?

What impact did the COVID crackdown in China have on Apple's supply chain?

What products might consumers have difficulty finding in the coming weeks and months?