Home / Technology / Apple CEO: iPhone Duo Supply Woes Continue
Apple CEO: iPhone Duo Supply Woes Continue
3 Nov
Summary
- iPhone Duo supply constraints may not have a timeline for resolution.
- Demand for the new foldable iPhone has led to sold-out preorders.
- Rising memory costs are impacting Apple's product pricing.
Apple CEO John Ternus has provided no specific timeline for when supply issues affecting the new iPhone Duo might be resolved. He stated that the company is prioritizing getting the device to customers as quickly as possible but cannot predict when supply and demand will balance.
The recently launched $1,999 foldable iPhone experienced immediate high demand, with preorders selling out rapidly. Some initial shipments are now expected to arrive as late as 2027, reflecting the significant supply challenges.
Additionally, Apple has been grappling with ongoing supply chain constraints and escalating memory costs. These factors have contributed to price increases across its product range, including higher starting prices for the iPhone 18 Pro and Pro Max models.
Despite these challenges, Apple announced record-breaking iPhone revenue of $57.58 billion in its fourth quarter. Ternus noted that while memory costs are expected to remain high, recent price adjustments are partially offsetting these increases.
