Apple iPhone 13 sales power a big quarter but there may be trouble ahead

Even with supply chain constraints, Covid lockdowns in Shanghai, and a war in Ukraine, Apple managed another record quarter, earning $97. 3 billion mostly on the back of an apparently very well-received iPhone 13 line. The Cupertino, California, company released earnings numbers (opens in new tab) late Thursday and followed with an earnings call with analysts that, while painting a mostly positive picture, did outline warning signs in the supply chain, Covid, inflation, and European headwinds.

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