Here’s one bad takeaway from Apple’s otherwise astronomical earnings report: New iPhones and iPads might be hard to get this year.
This is according to Apple’s CEO Tim Cook and CFO Luca Maestri, who talked about the problem during the earnings call (via MacRumors).
“We expect supply constraints during the September quarter to be greater than what we experienced during the June quarter. The constraints will primarily impact iPhone and iPad,” Maestri said.
It’s hard to quantify that. Apple does say that it expects “very strong double-digit growth” in the fourth quarter, so it can’t be that bad. But it’s quite possible that some of the most desired colors and configurations of iPhones and iPad will be a bit harder to get this fall.
Apple isn’t the only company experiencing supply shortages; a global chip shortage has been affecting essentially every tech company out there, from Tesla to Microsoft. And while the situation will likely get better in the auto industry soon, there are signs that smartphones will experience next.
As for the rest of Apple’s Q3 financial results, they’re pretty great. Apple reported record June quarter revenue of $81.4 billion, a 36 percent year-over-year increase, with revenues being up in double-digits across all product categories.
As for the new products, Apple is expected to launch 4 new iPhones, which will be fairly similar in design to the current iPhone 12 lineup. Rumored new features include a smaller notch, an always-on display, a bigger battery, and a 1TB storage. Apple is also expected to release new iPads this fall, which includes a redesigned iPad mini.