Apple reports earnings… Tim Cook warns of $8 billion supply shock…

  • Apple’s revenue grew nearly 9% year over year during the quarter ended in March.
  • But shares fell nearly 4% in extended trading after Apple CFO Luca Maestri warned of challenges in the current quarter, including supply constraints that could hurt sales by up to $8 billion.
  • The tech giant authorized $90 billion in share buybacks.

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