Apple 'Working Feverishly' to Improve iPhone 13 Supplies
During today's earnings call for the fourth fiscal quarter of 2021, Apple CEO Tim Cook said that Apple is "working feverishly" to boost iPhone 13 supplies.
Cook said that Apple feels "very very good" about where demand is at for the iPhone 13, in terms of sales compared to the iPhone 12. Supplies are constrained, though, and Apple has not been able to meet demand.
Initial supplies of the iPhone 13 models sold out quickly after the new smartphones went on sale in September, and there are currently long wait times for most iPhone 13, iPhone 13 mini, iPhone 13 Pro, and iPhone 13 Pro Max devices.
Apple lost around $6 billion in revenue during the quarter due to supply issues that were caused by chip shortages and COVID-related manufacturing delays, and Apple expects that these supply problems will continue into next quarter.
Popular Stories
Tim Cook will participate in his final Apple earnings call as the company's CEO today. The call begins at 2 p.m. Pacific Time / 5 p.m. Eastern Time.
Cook and CFO Kevan Parekh will discuss Apple's earnings results for the second quarter of the 2026 calendar year on the live-streamed conference call. While the call is primarily intended for Apple shareholders and Wall Street analysts, anyone...
Apple momentarily became the world's most valuable publicly traded company again today after its market valuation surpassed that of Nvidia, according to CNBC. However, the two companies have since traded places during today's session.
Apple's stock has increased by around 20% since it closed at $275.15 on June 25, pushing the company's valuation to nearly $5...
Memory prices have doubled, Macs and iPads have gone up, and iPhones are expected to follow. Ed Zitron – who writes the Where's Your Ed At newsletter, hosts the Better Offline podcast, and has been described by Politico as the AI boom's most "acerbic gadfly" – has spent years arguing the buildout driving those costs will never pay for itself.
We asked him what happens to Apple if he's...
