People walk near a display advertising Apple’s iPhone 14 outside its store in Shanghai on November 7, 2022. Photo: Reuters
People walk near a display advertising Apple’s iPhone 14 outside its store in Shanghai on November 7, 2022. Photo: Reuters
Apple

Apple’s Tim Cook blames supply disruption from China’s pandemic controls for revenue drop

  • ‘Covid-19 challenges … significantly impacted’ iPhone supplies, the CEO said, after the world’s largest iPhone factory faced protests last year
  • Apple’s fourth quarter revenue fell for the first time since early 2019, which Cook also blamed on a strong dollar and economic challenges

People walk near a display advertising Apple’s iPhone 14 outside its store in Shanghai on November 7, 2022. Photo: Reuters
People walk near a display advertising Apple’s iPhone 14 outside its store in Shanghai on November 7, 2022. Photo: Reuters
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