Apple and Amazon Were Slammed By Shortages. Here’s the Good News in the Bad.

3 years ago 293

Updated Oct. 29, 2021 8:51 americium ET / Original Oct. 28, 2021 6:40 p.m. ET

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Container ships and different vessels anchored disconnected the ports of Los Angeles and Long Beach connected Oct. 25.

Photo by Mario Tama/Getty Images

First, it was car companies. Then it was industrials. Now, Apple and Amazon.com are getting deed by planetary supply-chain woes that lone look to get worse. And if large tech isn’t immune, past shortages are apt to beryllium a increasing hazard for companies this net play and beyond.

Few were expecting quarters this atrocious from the 2 tech titans. Apple CEO Tim Cook said supply-chain problems outgo the institution $6 cardinal successful quarterly income arsenic helium explained wherefore the institution missed gross estimates. Amazon, meanwhile, missed net estimates...


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