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Apple Results Hit by Supply Chain Woes, CEO Tim Cook Says Holiday Quarter Impact Will Be Worse

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3 years ago

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Apple Results Hit by Supply Chain Woes, CEO Tim Cook Says Holiday Quarter Impact Will Be Worse

Supply chain issues caused Apple to lose US$6 billion (approximately Rs 448.9 billion) in sales in the fourth fiscal quarter, which was lower than Wall Street’s expectations. CEO Tim Cook said that in the current holiday sales quarter, the impact will be more serious. Cook told Reuters on Thursday that “supply restrictions were greater than expected” for the quarter ended September 25, as well as the pandemic-related manufacturing disruption in Southeast Asia.

Cook said that although Apple saw “significant improvement” in these Southeast Asian factories in late October, chip shortages persist and are now affecting “most of our products.” Cook said: “We are doing everything we can to get more (chips) and everything we can do in operations to make sure we move as fast as possible.” Cook said the company expects to achieve year-on-year growth in the quarter ending in December.

Analysts expect an increase of 7.4% to reach 119.7 billion U.S. dollars (approximately 895.4 billion rupees). “We expect demand to grow very steadily year by year. But we also predict that the demand gap will exceed $6 billion,” Cook said. The Cupertino, California-based company has gained nearly 15% this year, and its shares fell 3.4% in after-hours trading on Thursday. After Microsoft’s stock price rose due to the strong cloud computing business, the decline may make Microsoft the world’s most valuable company. Apple’s fourth-quarter results were mixed, and it was seen as a quiet period before the year-end high sales holiday.

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Apple said that its fourth-quarter revenue and profit were US$83.4 billion (approximately Rs 6,237.39 billion) and US$1.24 (approximately Rs 9.2 billion) per share, while analysts estimated that it was US$84.8 billion (approximately Rs 6,3424.1 billion). ) And according to Refinitiv’s IBES data, $1.24 per share. As a result, during the COVID-19 pandemic, the fiscal year of higher-than-expected sales driven by strong sales of iPhone 12 models and Mac computers and iPads for working and studying at home ended in a difficult way.

Apple told investors in July that chip restrictions will begin to affect its iPhone and iPad product lines for the first time in the fourth quarter. Shortly after retailer Amazon predicted that sales in the holiday quarter were well below Wall Street expectations, Apple announced its results, partly due to labor shortages and global supply chain issues.

Apple “managed to solve these problems well, but did not escape unscathed. The prolonged duration of these problems will cause trouble, especially because the market is ruthless about Apple’s performance,” Sophie Lund-Yates said. . Analyst at Hargreaves Lansdown.

News Source : Gadgets 360

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Music

While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

Published

3 weeks ago

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January 2, 2025

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While a Punjabi vocalist croons, PM Modi replicates Diljit Dosanjh’s beats and beats the table like a dholak. Observe

Prime Minister Narendra Modi recently met acclaimed singer- actor Diljit Dosanjh, describing their interaction as “very memorable.” 
Prime Minister Narendra Modi met singer-actor Diljit Dosanjh and lauded him as “a combination of talent and tradition.” During the “memorable’ meeting”, the two discussed music, culture, and India’s vibrancy, including yoga.

Diljit, PM Modi match beats

During the meeting, PM Modi praised Diljit for his achievements, saying, “When a boy from a small village in Hindustan shines on the global stage, it feels amazing. Your family named you Diljit, and you keep on winning people’s hearts, just as your name suggests.”

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Diljit responded, “We used to read that ‘Mera Bharat Mahan’ (My India is great), but when I travelled across India, I realised why people say this.” PM Modi highlighted India’s diversity, saying, “India’s vastness is its strength. We are a vibrant society.”

Diljit added, “The greatest magic in India is yoga.” PM Modi agreed, saying, “Those who have experienced yoga know its power.”

The singer-actor also admired PM Modi’s personal journey, saying, “I had watched your interview, sir. The position of Prime Minister is great, but behind it, there is a mother, a son, and a human being. Many times, this half-truth is much larger when you carry your mother and the sacred Ganga with you. That touches the heart.”

Diljit then sang a song on Guru Nanak, as PM Modi listened intently, beating the adjacent table like a dholak, matching his beats with Diljit’s.

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Diljit, PM Modi express grattitude

After the meeting, Diljit Dosanjh expressed his gratitude, calling it a “fantastic” way to start the year. He posted on X, “A fantastic start to 2025. A very memorable meeting with PM @narendramodi Ji. We talked about many things, including music, of course!”

PM Modi responded to Dosanjh’s post, describing their meeting as “a great interaction.” He said, “A great interaction with Diljit Dosanjh! He’s truly multifaceted, blending talent and tradition. We connected over music, culture, and more.”

Diljit recently concluded his Dil-Luminati tour in India with a grand performance in Ludhiana. Throughout his concerts at various venues, the singer aimed to address important social issues during his performances.

In a lighthearted and endearing moment, Prime Minister Narendra Modi was seen enjoying the beats of a Punjabi vocalist, tapping the table in rhythm like a dholak player during a recent cultural event. The video, which has since gone viral, showcases PM Modi replicating the infectious energy of Diljit Dosanjh’s iconic beats, capturing the essence of Punjabi music’s vibrancy and rhythm.

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The event brought together various cultural performers, with one Punjabi vocalist stealing the spotlight. As the singer crooned traditional Punjabi tunes, PM Modi, seated among other dignitaries, began enthusiastically tapping the table in sync with the music. His gestures resembled a seasoned dholak player, displaying his spontaneous connection with the pulsating beats.

The audience present erupted in applause, cheering on the Prime Minister’s engaging participation. Social media users were equally charmed, with many praising Modi’s ability to connect with the cultural diversity of India. “Modi Ji has the rhythm of a true Punjabi!” one user commented, while another said, “This is the energy we love to see in our leader.”

The moment also highlighted PM Modi’s commitment to celebrating India’s rich cultural heritage. His natural enjoyment of the performance reflects his appreciation for the art and music that unify the diverse communities of India.

Such lighthearted and relatable gestures from leaders often resonate deeply with the public, making them feel connected on a personal level.

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#PMModi #DiljitDosanjhBeats #PunjabiMusicVibes #CulturalCelebration #DholakBeats #IndiaUnity #MusicConnects #ViralMoment #PMModiInAction #PunjabiHeritage

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