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Technology

Apple sets revenue record despite $6bn-plus supply chain woes

Sales jump 21% in greater China, dip 14% in Japan

Apple prioritized production of its new iPhone 13 range by reallocating shared components from iPad and older-generation iPhones. (Photo courtesy of Apple)

PALO ALTO, U.S.-- Apple posted all-time-high quarterly revenue on Thursday, driven by holiday season demand and robust iPhone sales in greater China, despite a $6 billion-plus hit from supply chain bottlenecks including industrywide chip shortages and coronavirus-related manufacturing disruptions.

Total revenue grew 11.2% on the year to $123.9 billion for the three months ended Dec. 25, beating Wall Street forecasts and validating a decision to focus production on the refreshed iPhone range.

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