AAPL - Apple roundup: Foxconn warns of supply shortage Epic backs UK antitrust probe

During its fourth quarter earnings report, Apple (AAPL) assembler Foxconn (HNHAF) warns that a "materials shortage" in the consumer electronics supply chain could stretch into next year. But Foxconn says the shortage should hit less than 10% of customer orders. The company didn't specify the nature of the supply chain issue, but it's likely the global semiconductor shortage that has spread out from the automotive industry to smartphones.Separately, Fortnite developer Epic Games has submitted a complaint backing the UK Competition and Markets Authority's antitrust probe of Apple, which was launched after developer complaints about App Store terms and conditions.Epic and Apple are fighting a legal battle around Apple's "app tax" and Epic's attempt to get around the tax by creating its own in-app payment system. Apple responded by pulling Fortnite from the App Store.Apple shares are down nearly 1% pre-market.The U.S. Epic-Apple trial kicks off on May 3.

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Apple roundup: Foxconn warns of supply shortage, Epic backs UK antitrust probe