Apple made more money than ever, even with the supply chain crunch

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Apple made more money than ever, even with the supply chain crunch
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An unfathomable $123.9 billion in revenue.

that Apple could soon launch a Square-like service that allows iPhone owners to accept contactless payments without any need for additional hardware.

Looking further into 2022, the company is also rumored to be working on a new Mac Pro powered by its own silicon. And following up on the , next-generation AirPod Pro earbuds are also expected in the coming months alongside a redesigned iPad Pro and the usual iPhone refresh when fall rolls around.Photo by Vjeran Pavic / The Verge

But uncertainty surrounds the company’s long-awaited mixed reality headset, which will be Apple’s first major product in a new category since the Apple Watch in 2015.Even as it marches on with product plans, Apple continues to struggle with the ongoing supply chain crunch. In the previous quarter, Apple estimated that it lost out on $6 billion in revenue due to supply chain issues and the semiconductor shortage.

Outside of hardware, the company is facing greater and more frequent challenges to its strong grip over the iOS App Store; Apple has begrudgingly agreed to

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