Apple (AAPL. US) CEO Tim Cook Warned Thursday That The Company Was "not Immune" To Supply Chain Challenges And Noted That The IPad Business Faced "very Serious Supply Constraints" In The Recent Quarter. Luca Maestri, Apple's Chief Financial Officer, Said There Were Several Challenges To Overcome This Quarter, Including Supply Constraints Related To The COVID-19, Which Could Affect Sales Of About $4billion To $8billion. Apple's Share Price Fell About 3.7% On Friday After Its Earnings Report.
In Addition, Nokia CEO Pekka Lundmark Also Said On Thursday That If It Were Not For The Supply Chain Problem, The Company Would Grow Faster In The Last Quarter. "The Situation Has Stabilized, But It Is Still Quite Tense.".
"When We Talk About Semiconductors, We See All Kinds Of Progress. At Present, It Depends Entirely On Suppliers, But When We Look Forward To The Whole Year And The Second Half Of The Year, We Still Have Hope That The Situation Will Begin To Improve Before The End Of The Year."
Even Auto Companies That Tend To Use Less Advanced Chips Continue To Feel The Impact Of The Current Chip Crisis.
In 2021, The Global Chip Shortage Caused Serious Damage To The Automotive Industry. Many Automobile Manufacturers Are Difficult To Find The Chips Needed To Drive Functions Such As Cruise Control And Parking Sensors.
Last Friday, Ola K ä Llenius, Chief Executive Of Daimler, Said That The Continuous Supply Shortage, Especially Semiconductors, Is One Of The Three Major Challenges In The Current Business Environment.
K ä Llenius Added That China Is One Of Daimler's Largest Markets, And The COVID-19 May Affect Supply Chains Around The World.
Jim Rowan, CEO Of Volvo Cars, Said Volvo Currently Did Not Have Enough Specific Chipsets. He Added That The Company Would Be Affected By The Problem In The Second Quarter, But Said It Had "ensured Supply", Which Should Contribute To Supply In The Second Half Of This Year.
Berenberg Analysts Kallum Pickering And Salomon Fiedler Said Last Week That Car Production In The Eurozone Was Still Far Behind Orders. They Point Out That Chip Sales Are Recovering, But The Sharp Rise In Prices Means That The Actual Rebound May Be Less Than The Sales Value Shows. "It Will Take Time To Catch Up With The Backlog. The Company Will Need To Work Overtime,"