APPLE FORECASTS SLOWER GROWTH AS AI BUILD-OUT STRAINS TECH SUPPLY CHAINS

Apple has forecasted slower growth due to strains on tech supply chains from its AI build-out, according to International homepage. This forecast comes as the company's smartphone revenue rose more than a fifth, outperforming rivals. The strain on supply chains is a significant factor in the company's growth forecast.

Apple's revenue and profits have beaten expectations, driven by strong iPhone sales, but its services segment missed targets, as reported by Reuters. The company's performance is being closely watched by investors and analysts, with some suggesting that the recent selling in tech stocks may present a buying opportunity, according to MarketWatch.com. However, specific figures and details on the supply chain strains are not provided.

The news is significant as it highlights the challenges faced by tech companies in building out their AI capabilities while maintaining supply chain stability. The impact of this forecast on the broader tech industry and economy is likely to be closely monitored.

• Apple forecasts slower growth due to AI build-out strain on supply chains
• Smartphone revenue rose more than a fifth, outperforming rivals
• Services segment missed targets, despite overall revenue and profits beating expectations

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