Apple, the world’s most valuable tech company, reported record revenue for a September quarter — but its stock slid after sales fell short of expectations and execs warned of ongoing supply-chain problems.
The company posted $83.4 billion in revenue, up 29% year over year, and net income of $20.6 billion (or quarterly earnings per diluted share of $1.24). Wall Street analysts on average had pegged Apple revenue to come in at $84.85 billion and EPS at $1.24.
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