Apple forecasts $4B to $8B revenue hit in Q3 because of Covid disruptions – Naples FL

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Apple is not providing revenue guidance for the June quarter, but says that it expects a $4 billion to $8 billion impact from Covid-19 disruptions and supply constraints.

Credit: Foxconn

Luca Maestri, Apple’s chief financial officer, said that Apple is expecting year-over-year revenue performance to be impacted in the June quarter because Covid-19 lockdowns and existing supply constraints are affecting its ability to meet customer demand.