Author: Don Obrien

Apple, Tesla, Robinhood: Stocks That Defined the Week

Apple Inc.

Even the biggest winners of the pandemic era are getting squeezed by a tight labor market and supply-chain woes. Apple reported a record 12-month profit nearing $100 billion on Thursday, but noted that supply constraints continue to hinder the manufacture of iPhone and other products during the important holiday-shopping quarter. Inc. posted lower-than-expected third-quarter sales and signaled that labor and supply issues would weigh on fourth-quarter earnings. Apple shares fell 1.8% Friday, while Amazon shares ended 2.2% lower.

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Oliver Bolt

Oliver Bolt

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