Apple 'Working Feverishly' to Improve iPhone 13 Supplies
During today's earnings call for the fourth fiscal quarter of 2021, Apple CEO Tim Cook said that Apple is "working feverishly" to boost iPhone 13 supplies.
Cook said that Apple feels "very very good" about where demand is at for the iPhone 13, in terms of sales compared to the iPhone 12. Supplies are constrained, though, and Apple has not been able to meet demand.
Initial supplies of the iPhone 13 models sold out quickly after the new smartphones went on sale in September, and there are currently long wait times for most iPhone 13, iPhone 13 mini, iPhone 13 Pro, and iPhone 13 Pro Max devices.
Apple lost around $6 billion in revenue during the quarter due to supply issues that were caused by chip shortages and COVID-related manufacturing delays, and Apple expects that these supply problems will continue into next quarter.
Popular Stories
Apple today announced financial results for the second fiscal quarter of 2026, which corresponds to the first calendar quarter of the year.
For the quarter, Apple posted revenue of $111.2 billion and net quarterly profit of $29.6 billion, or $2.01 per diluted share, compared to revenue of $95.4 billion and net quarterly profit of $24.8 billion, or $1.65 per diluted share, in the year-ago...
Apple's iPhone 17 models are its most popular iPhones to date, Apple CFO Kevan Parekh told the Financial Times. Both Parekh and Apple CEO Tim Cook attributed Apple's stellar Q2 2026 performance to iPhone sales.
"The iPhone 17 family is now the most popular line-up in our history... we believe we gained market share during the quarter," said Parekh. Cook told Reuters that iPhone demand was...
Starting as early as next week, customers who sign up for an Apple Card at Apple's retail stores in the U.S. will receive $249 cash back when they purchase AirPods Pro 3, according to Bloomberg's Mark Gurman. The promotion has yet to be officially announced by Apple, so exact terms and conditions are not available at this time.
AirPods Pro 3 are priced at $249 in the U.S., so customers who...
