The ongoing global chip shortage is affecting industries ranging from automobiles to video games. And the telecom industry has not been left out.

"I'm a little skittish," AT&T CEO John Stankey said of the shortages. "I mean, we're seeing dynamics that are occurring in the global supply chain where unexpected things are popping up. And it is possible that we could see certain element shortages that start to crop up as everybody is racing to put stuff up on [cell] towers in May. And that's why I want to be a little bit cautious."

Other executives though said they have not yet seen any effects at all.

"We're seeing no supply issues and we're forecasting no supply issues on either network gear or smartphones," said T-Mobile CEO Mike Sievert.

Meanwhile, vendors are fighting to make sure they have the supplies they need to continue to meet demand.

"There were shortages of supply and we obviously chased it, and you just basically put more money on the table and you get the necessary products you need," said Viavi CEO Oleg Khaykin, according to a Seeking Alpha transcript of his comments. "We were able to meet all our customer demands and not miss any of our deliveries."

Apple executives too said they struggled to meet record demand. "We did not have a material supply shortage," said Apple CEO Tim Cook of the company's most recent, blockbuster quarter. Seeking Alpha provided a transcript of his comments. "And so how are we able to do that? You wind up collapsing all of your buffers and offsets. And that happens all the way through the supply chain. And so that enables you to go a bit higher than what we were expecting to sell when we went into the quarter 90 days ago."

However, Apple doesn't believe it can pull the same trick during its current quarter. The company warned it expects to lose between $3 billion and $4 billion due to the shortages in its quarter that ends in June.

Apple isn't alone.

Here are the companies in the telecom industry that reported financial effects from the situation, and exactly what they said about those effects.

Of course, shortages in components might not ultimately affect a vendor's bottom line. The analysts at Counterpoint Research noted that some companies might decide to pass the hit on down the line.

"Semiconductor shortages have affected the overall supply landscape and increased the lead times of chipset solutions for major vendors. However, we see these vendors looking to diversify their foundry strategy to alleviate chipset shortages in the second half of this year," explained Tarun Pathak, a research director at the firm, in a statement. "These shortages might push specific component prices up by 5-10% and OEMs [original equipment manufacturers] will look to absorb these cost increases by being creative with the bill of materials (BoM) and in some cases might even pass the added costs to the consumers."

Related posts:

— Mike Dano, Editorial Director, 5G & Mobile Strategies, Light Reading | @mikeddano