Supply Constraints Cost Apple $6 Billion in Q4 2021

Apple's revenue for the fourth fiscal quarter of 2021 came in under expectations, which Apple CEO Tim Cook said was caused by supply constraints on iPhones, iPads, and Macs.
In an interview with CNBC, Cook said the supply issues cost Apple around $6 billion."We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion," Cook told CNBC's Josh Lipton. "The supply constraints were driven by the industry wide chip shortages that have bee