Apple warns of slower September-quarter growth amid supply constraints
Apple forecast slower sales growth for the September quarter, projecting a 9% to 11% increase compared to Wall Street's 12% estimate, due to supply constraints affecting product delivery. Chief Executive Tim Cook cited significant supply chain limitations, particularly in advanced chipmaking technology, as the primary issue impacting production. Following the announcement, Apple's shares fell 5.5% in after-hours trading, reflecting investor concerns over the company's ability to meet demand.