Apple Expects 'Solid' March-Quarter Growth As Chip Shortages Ease

Apple Expects 'Solid' March-Quarter Growth As Chip Shortages Ease
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Consumer electronics giant Apple delivered a big December-quarter beat despite chip shortages that impacted its supply of iPhones and other devices in the holiday period. Apple stock rose on the news Friday. The impact of chip shortages will be less severe in the current quarter, Chief Financial Officer Luca Maestri said on a conference call with analysts.