Mon. Dec 6th, 2021


Apple’s income for the fourth fiscal quarter of 2021 got here in underneath expectations, which Apple CEO Tim Cook dinner mentioned was brought on by provide constraints on iPhones, iPads, and Macs.

iphone 13 and iphone 13 pro max
In an interview with CNBC, Cook dinner mentioned the availability points value Apple round $6 billion.

“We had a really sturdy efficiency regardless of bigger than anticipated provide constraints, which we estimate to be round $6 billion,” Cook dinner informed CNBC’s Josh Lipton. “The availability constraints had been pushed by the business huge chip shortages which were talked about lots, and COVID-related manufacturing disruptions in Southeast Asia.”

For the final a number of months of the yr, Apple has skilled lengthy lead instances on a number of merchandise, together with Macs and iPads. With the iPhone 13 launch, out there fashions offered out rapidly and Apple has been unable to maintain up with demand, and the identical goes for the Apple Watch Collection 7.

Going ahead, Cook dinner mentioned that he expects “stable year-over-year income development” within the December quarter, however Apple will to proceed going through provide issues. COVID associated manufacturing issues have “improved vastly,” however Cook dinner says that chip shortages “linger on.” Based on Cook dinner, older chips are those which can be briefly provide quite than newer A and M-series chips utilized in newer Apple gadgets.

Cook dinner mentioned that Apple primarily buys modern nodes and isn’t having points with these, however on legacy codes, there’s competitors from many alternative firms on provide. He mentioned that he is not certain when provide will enhance as it’s troublesome to forecast when issues will steadiness. Apple’s operational group is working to chop down on cycle ties and enhance yields to treatment the state of affairs.

In the course of the quarterly earnings name, Apple CFO Luca Maestri confirmed that the affect of provide constraints will probably be higher within the December quarter. iPad gross sales will drop yr over yr as a result of provide constraints, however Apple expects income in all different classes will develop.



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