toggle

AAPL Stock: 94.72 ( + 0.78 )

Printed from http://www.macnn.com

Japanese quake should make $200M hit on Apple revenue

updated 05:55 pm EDT, Wed April 20, 2011

Company says it will stick with Japanese partners

Apple should take a revenue hit of about $200 million as a result of last month's Japanese earthquake, says COO Tim Cook. Speaking during the company's Q2 results call, Cook said the company has a long history with Japan, and has been taking some actions to help in relief efforts. Suppliers have been affected as well, but the executive explains that Apple been "working around the clock" to institute contingency plans, and that there was no impact on Q2 and there should only be a small impact on Q3.

Cook notes that Apple receives hundreds of supplies from Japan, including resins, foils, LCDs and flash memory. In that regard the company plans to remain with long-term partners, despite many of them having difficulties operating as a result of damage or power brownouts. Connectors for the iPad 2, for instance, are temporarily being made by Taiwan's Cvilux.






by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

  1. Eriamjh

    Joined: Dec 1969

    +1

    Drop in the bucket

    It's like complaining Apple only made $24.2 billion instead of $24.4 billion.

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

MacNN Sponsor

Recent Reviews

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs an ...

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, ...

toggle

Most Commented