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Apple expects supply constraints to impact iPhone and iPad production

Apple expects supply constraints to impact iPhone and iPad productionSource: EverythingApplePro

Apple says that the supply constraints the technology industry is experiencing could primarily affect the iPhone and iPad in the September quarter.

While talking about what Apple expects for its September quarter during the Q3 earnings call, Apple CFO Luca Maestri revealed that the company expects supply constraints to worsen and have a potentially material impact on iPhone and iPad production.

We expect very strong double digit year over year revenue growth during the September quarter. We expect revenue growth to be lower than our June quarter, year over year growth of 36 percent for three reasons. First, we expect the foreign exchange impact on our year over year growth rate to be three points less favorable than it was during the June quarter. Second, we expect our services growth rate to return to a more typical level. The growth rate during the June quarter benefited from a favorable compare.

Certain services were significantly impacted by the COVID lockdowns a year ago. And third was 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.

When asked if the supply constraints will extend into the December quarter, Apple CEO Tim Cook declined to speculate that far ahead.

In terms of supply constraints and how long they will last, I don’t want to predict that today, we’re going to take it sort of one quarter at a time and as you would guess, we’ll do everything we can to to mitigate whatever set of circumstances we’re dealt.

Apple is expected to announce the iPhone 13 lineup in September so, hopefully, the supply constraints the company currently expects do not create an issue for all of those anticipating customers of the new phones.

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Earlier today, Apple hosted its Q3 earnings call and announced a June quarter revenue record of $81.4 billion, an increase of nearly $22 billion or 36 percent from a just year ago. If you want to learn more about what was said during the earnings call, check out the call transcript.

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