RTR: Apple results hit by supply chain woes, Cook says holiday quarter impact will be worse
REUTERS reports: Supply chain woes cost Apple Inc $6 billion in sales during the company’s fiscal ...
The Apple Watch goes on sale on Friday – and the forecasts expect the luxury high-tech company to sell 19m this year. Which could of course lead to some challenging supply chain issues. For one thing, the watches incorporate gold. If Apple hits its sales targets, it will need up to 30% of the world’s annual production, which is sure to highlight conflict minerals. And Apple initially had just one manufacturer – now it has turned to stalwart Foxconn too. According to this article, supply chain growing pains are likely to come as standard with this new product.
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