Apple sees bigger supply problems after strong start to year ...Middle East

Apple Inc on Thursday forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion. Shares were down 2.1% after executives laid out their glum outlook on a conference call. The news outweighed strong results, including record profit and sales, for Apple's fiscal second quarter, which ended in March.

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