Shares in both companies have dropped as they forecast issues ahead amid the ongoing chip shortage and supply chain constraints.
Apple and Intel both are both predicting weaker-than-expected quarters ahead, as supply chain issues and the global chip crunch continue to take their toll on the tech giants.
While both companies reported steady results in the latest quarter, the ongoing war in Ukraine, supply chain issues in China amid a Covid-19 resurgence and chip shortages have impacted outlooks for the quarters ahead.
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