Apple sees increasing supply problems and says Chinese demand is affected | companies | ECONOMY

Apple Inc. predicted growing problems as lockdowns for the COVID-19 curb production and demand in Chinathe war in ukraine it takes a toll on sales and growth in services, which the company sees as its engine of expansion, slows. The shares fell 3.5% after executives laid out their gloomy outlook on a conference call. The news offset Apple's strong quarterly results ending in March, which included record profits and sales. the financial president, Luca Maestriwarned that the war in Ukraine will further dent sales in the current quarter. Maestri said supply chain issues would affect Apple's fiscal third-quarter sales of…