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Apple Inc. slipped as much as 2.9% late in the session after warning that sales growth could slow and supplies were tightening, dampening investor enthusiasm after a record third quarter.
The company said on a conference call Tuesday that supply constraints will affect the iPhone and iPad during the current quarter. The deceleration in demand for services will also cause the slowdown. Apple declined to provide specific revenue forecasts, a practice it adopted during the pandemic.
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