Supplies of Apple Products to Improve in March Quarter

Apple faced significant supply constraints across all devices during the first fiscal quarter of 2022, but product supplies are expected to improve in the March quarter, Apple CEO Tim Cook told The Wall Street Journal ahead of today's earnings call.

ipad mini 3

"We saw supply constraints across most of our products," Mr. Cook said in an interview Thursday as the company released its results. "We're forecasting that we will be less [constrained] in March than we were in the December quarter."

Cook said that Apple expects to see year-over-year revenue growth in the March quarter, but he stopped short of providing details about when he thinks the supply chain issues facing the tech industry will ease.

"We're not projecting that," Mr. Cook said. "You need to know a lot of things to be able to make an accurate forecast there, like how are other people's demands in addition to what kind of supply we can squeeze out."

Even with the supply issues that Apple faced in the holiday quarter, the company today announced record revenue earnings of $123.9 billion. The iPhone and Mac set all-time quarterly revenue records as did wearables (Apple Watch and AirPods) and Services.

Tags: AAPL, Earnings

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Top Rated Comments

_Spinn_ Avatar
30 months ago
I really hope the supply chain issues start to correct themselves this year. So far where I live I'm not seeing signs of a turnaround :(
Score: 2 Votes (Like | Disagree)
Lannoc Avatar
30 months ago

The March "quarter"?
Perhaps I don’t understand your comment, but they are referring to the fiscal quarter (Q2) that ends March 31
Score: 1 Votes (Like | Disagree)
LeadingHeat Avatar
30 months ago
Ah, the elusive iPad mini…
Score: 1 Votes (Like | Disagree)
Realityck Avatar
30 months ago

Ah, the elusive iPad mini…
I like Purple. ;)

Still is evidence that even Apple have been impacted by this chip shortage this 2021 thru 2022 Winter.
Score: 1 Votes (Like | Disagree)
svish Avatar
30 months ago
Should not be any long shipping delays in the future
Score: 1 Votes (Like | Disagree)
tridley68 Avatar
30 months ago
I went all out this year. Up graded my I pad pro got the 35 mm 7 watch and 13 pro max phone. Shipping times did not seem. Very long.
Score: 1 Votes (Like | Disagree)