The move comes amid a global shortage largely attributed to slowdowns of the passage of oil through the Strait of Hormuz.
—
Rebecca Schneid,
Time,
3 Oct. 2026
While iPhone sales increased an impressive 21% in the most recent quarter, the business has experienced significant slowdowns in recent years, with sales even declining in some quarters.
While that dynamic can lead to problems, as evidenced by the NFL and NBA lockouts of 2011 and a likely MLB lockout beginning this December, those problems are temporary and end with two sides cutting a deal.
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