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MoreBack to News Headlines
Amazon and Apple warn of supply chain issues

Amazon and Apple warn of supply chain issues

CNN
Thursday, October 28, 2021 10:04 PM GMT

Even Amazon and Apple are grappling with the global supply chain crunch.

Both companies reported revenue results on Thursday that fell short of Wall Street analysts' expectations and warned that supply chain issues could weigh on business in the December quarter.

Amazon missed Wall Street projections for both sales and profit for the three months ended September 30 — a rare miss for the internet giant. It posted net sales of $110.8 billion, up 15% from the same period a year earlier, but below analyst projections of $111.6 billion. Net income for the quarter decreased from the prior year to $3.2 billion, well short of the $4.6 billion analysts expected.

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