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.
"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.
Popular Stories
Apple's September 9 iPhone announcement event could become a negative catalyst for the stock, KeyBanc Capital Markets warns.
In a research note seen by Investing.com, KeyBanc said the event could motivate investors to weigh pricing decisions against the impact of higher costs on demand and margins. KeyBanc added that Apple faces a choice to either raise prices broadly to offset gross...
Apple plans to announce its earnings for the fourth fiscal quarter of 2026 on Monday, November 2, according to the company's updated Investor Relations page.
The earnings report will be available at 1:30 p.m. Pacific Time on November 2, with new Apple CEO John Ternus and CFO Kevan Parekh to discuss the results during a 2:00 p.m. Pacific Time phone call. Apple will stream the call on its...
Since 2023, Apple's newer iPhones have had an 80 percent charge limit for those who want to extend battery lifespan. Charging to 80 percent instead of 100 percent is supposed to put less stress on the battery, improving longevity.
For the last three years, I've used that setting on my iPhone. I started with the iPhone 15 Pro Max, then did the iPhone 16 Pro Max, and most recently, the iPhone...
