Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Boeing Secures New Labor Contract With Former Spirit AeroSystems Employees 
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
OpenAI Reportedly Eyes Late-2026 IPO Amid Rising Competition and Massive Funding Needs 
Asia Stocks Pause as Tech Earnings, Fed Signals, and Dollar Weakness Drive Markets 
Apple Faces Margin Pressure as Memory Chip Prices Surge Amid AI Boom 
U.S. Dollar Slides for Second Week as Tariff Threats and Iran Tensions Shake Markets 
Oil Prices Hit Four-Month High as Geopolitical Risks and Supply Disruptions Intensify 
U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade 
Using the Economic Calendar to Reduce Surprise Driven Losses in Forex 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
US Judge Rejects $2.36B Penalty Bid Against Google in Privacy Data Case 
Sandisk Stock Soars After Blowout Earnings and AI-Driven Outlook 
Panama Supreme Court Voids Hong Kong Firm’s Panama Canal Port Contracts Over Constitutional Violations 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
Apple Inc. confirmed earlier this week that its iPhones and other devices are now affected by the global chip shortage as well. Due to this situation, the company is expecting a slow down of production, which would, in turn, affect their sales and revenue growth.
According to Reuters, the firm’s executives said that profits for this Q4 will increase by double digits. However, this will be below the 36.4% growth rate in the third quarter. It was predicted that growth in Apple's services business will be slow as well.
The company further said via a conference call with investors that although the effect of chip shortage was not as big as feared in Q3, the impact could be worse in the fourth quarter and may affect the production of iPhones.
Tim Cook, Apple’s chief executive officer, said during the investor's call that chips that are impacted by the shortage are made with earlier technology. They are being used as they are still needed as supporting components of iPhones.
"We do have some shortages where the demand has been so great and so beyond our own expectation that it's difficult to get the entire set of parts within the lead times that we try to get those," the CEO explained.
Apparently, as a tech company, being hit by the chip shortage is inevitable. The auto industry was the first in the business sector that suffered from the global chip shortage, and as this problem is still ongoing, they have already reported big losses since they were constantly forced to suspend production.
CNBC reported that Apple already knew beforehand that it will also be hit by the supply shortage and initially thought only the Mac and iPad products would be affected. Contrary to what was expected, even the iPhones were hit and dragging the sales rate down.
Fortunately, Cook said that they were able to reduce the impact to as much as possible. The issue now is the effects of chip shortage in the coming quarter, as it was predicted to be worse. Meanwhile, Apple’s shares were said to have dropped by about two percent after its earnings were announced via a conference call.
