This is evidenced by trading data.
The forecast calls for revenue growth of 9–11%, rather than the 12% analysts had expected.
Ignoring the news of record quarterly revenue and profits that exceeded Wall Street estimates, investors rushed to sell off Apple shares, which had fallen by nearly 10% at the time of writing, to $300.50 per share.
The company continues to face challenges due to a shortage of memory chips, which it has cited as the reason for significant price increases on a number of its devices, including laptops, tablets, and home devices.
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