Apple recently announced that the company hit a Record Revenue of $123.9 billion in the last quarter of 2021. Apple has gained 11 percent profit as it expanded its service business. Despite the shortage in its supply chain, it managed to hit a record revenue generation.
Soon after the expansion of its business, the company announced its shortage in chips for the iPads. However, in the last three months, the company’s net profit saw a steep rise of 20 percent.
After Apple posted its record revenue update, the stock of the company jumped 5 percent on Thursday
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