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 rumored all-glass iPhone expected to mark the device's 20th anniversary has been canceled, according to Jefferies analyst Edison Lee.
Rumors have circulated since at least 2025 that Apple was developing a radically redesigned all-glass iPhone, with launch expected as early as September 2027. Lee's analysis today provided in Barron's claims that his firm's supply chain checks now...
The new Mac mini and Mac Studio models unveiled by Apple this week are the company's first new Macs announced in August since 2020.
It is extremely rare for Apple to announce new products of any kind in August, excluding smaller things like new color options and accessories.
As mentioned, Apple's last notable August product announcement was in 2020, when it updated the 27-inch iMac and a...
Apple has announced that it will be holding an event on Wednesday, September 9 at 10 a.m. Pacific Time, with the company widely expected to unveil the iPhone 18 Pro, iPhone 18 Pro Max, its first-ever foldable iPhone, and more.
Other products expected to be announced at the event include an Apple Watch Series 12 with a ceramic case option, an Apple Watch Ultra 4, AirPods 5 with and without...
