, the world's largest technology company, is dealing with manufacturing headaches and inflation pressures and saw its profit in the last quarter fall by 10%, while revenue was up 2%.
The results came after the iPhone maker warned that its revenue would be depressed amid supply chain problems and pandemic-related shutdowns in China factories. But the company said on Thursday that parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.Advertisement
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