Apple Set to Feel Up to $8 Billion Revenue Hit

Apple reported $97 billion in Q2 revenue, with $50 billion from iPhones and $20 billion from services. However, Q3 is expected to face challenges, including a $4-8 billion revenue hit due to COVID lockdowns, chip shortages, and global issues like the Ukraine war. Analysts questioned CEO Tim Cook about supply chain adjustments, but he defended Apple's infrastructure. Despite challenges, analysts predict a year-over-year revenue increase. Supply chain disruptions have caused delays in MacBook Pro and iPad production, and may affect other products like iPhones and Apple Watches.

What was the total revenue reported by Apple for the second quarter?

• $84 billion

• $20 billion

• $50 billion

• $97 billion

What is one of the reasons Apple expects a revenue hit in Q3?

• Increased competition

• COVID related lockdowns

• New product launches

• Rising labor costs

What question did analysts pose to CEO Tim Cook regarding Apple's supply chain?

• Should Apple shift its supply chain to avoid issues?

• Should Apple increase its marketing budget?

• Should Apple launch new products sooner?

• Should Apple reduce its workforce?

What was the impact of China's COVID crackdown on Apple suppliers?

• Increased production

• New partnerships

• Temporary closures

• Higher sales

Which Apple products might consumers find difficult to purchase in the coming months?

• Apple TV and iPod

• AirPods and HomePod

• MacBook Air and iMac

• iPhone and Apple Watch