Apple Gives No Timeline for iPhone Duo Supply Relief
The foldable phone is constrained, while Apple says rising memory costs and component shortages are weighing on its device supply.
Key takeaways
- Apple said it cannot predict when iPhone Duo supply and demand will balance.
- The company reported rising memory costs and component constraints across its devices.
Apple has no timeline for when more iPhone Duo units will be available, as the foldable phone remains constrained ahead of the Christmas trading period. Chief operating officer Sabih Khan said it was “really hard to predict when supply and demand will be in balance.”
Apple CEO John Ternus said the company was seeing “unprecedented” increases in memory costs, which he linked to strong demand from the AI industry. Khan said component shortages were affecting most Apple devices and could continue into next year, particularly for iPads and Macs.
Apple’s fiscal fourth-quarter results did not include Duo sales, as the phone launched at the end of October. The company reported iPhone revenue of $57 billion, up 17% from a year earlier. At Monday’s close, Apple shares were $338.32, down 1.83% from the previous close.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
