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UncategorizedApple Warns of Supply Chain Woes While Amazon Faces Increased Labor Costs

Apple Warns of Supply Chain Woes While Amazon Faces Increased Labor Costs

Apple Inc. and Amazon.com Inc. reported quarterly results that showed how supply-chain problems and tight labor markets are tripping up even some of the biggest business winners of the pandemic era.

Apple, which had record 12-month profit nearing $100 billion, warned that supply-chain disruptions are hindering iPhone and other product manufacturing and would bring increased challenges during the important holiday-shopping quarter.

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