Tech giant Apple is predicting a slump in performance for its fiscal Q3, 2022 term ending in June even as the company showcased better results, on a yearly basis, during the second quarter.
Apple said its forecast is based on persistent global supply chain disruptions.
“We believe our year-over-year revenue performance during the June quarter will be impacted by a number of factors. Supply constraints caused by COVID-related disruptions and industrywide silicon shortages are impacting our ability to meet customer demand for our products,” Luca Maestri, chief financial officer at Apple, said during the April 28 earnings call detailing the company’s Q2 results.
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