Apple unsure when more foldable iPhones will be available after selling out
Summary
Apple says it cannot predict when supply of its $1,999 foldable iPhone Duo will meet demand after the phone quickly sold out. The company also reported higher iPhone and Mac sales, while warning that shortages of advanced chips and rising memory costs are affecting its products.Key Facts
- Apple CEO John Ternus said the company is working to make the iPhone Duo available to more customers.
- Apple COO Sabhi Kahn said it is difficult to predict when iPhone Duo supply and demand will balance.
- Apple said it would replace a small number of iPhone Duos whose screens cracked along the inside fold.
- For the three months ending September 26, iPhone sales rose 17% to $57 billion; the period did not include iPhone Duo sales.
- Mac sales rose 27% to $10.7 billion, while iPad sales fell 10% and wearable-product sales fell 7%.
- Apple's overall sales rose 15% for the year to $479 billion.
- Apple expects supply constraints, partly tied to shortages of advanced-node microprocessors, to continue into next year, particularly affecting iPads and Macs.
- Apple executives said rising memory costs are also affecting the company, as demand for data-center capacity grows.
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