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Apple Cannot Say When More Foldable iPhone Duos Will Reach Buyers After Sellout
Apple cannot say when more foldable iPhone Duos will reach buyers after the device sold out.
Key points
- The iPhone Duo, priced at £1,999 in the UK, sold out shortly after its release.
- COO Sabhi Kahn said it is really hard to predict when supply and demand will be in balance.
- Apple said iPhone sales rose 17% to $57bn in the three months to 26 September, excluding Duo sales.
Why it matters. Apple expects supply constraints on advanced chips and memory costs to continue into next year, particularly affecting iPads and Macs, and it has raised prices on essentially all hardware by around 20%.
Apple CEO John Ternus said on Monday he was "thrilled" by early demand for the $1,999 iPhone Duo, which sold out just over a week after its release. COO Sabhi Kahn told analysts on a results call that supply constraints on advanced-node chips from TSMC are expected to last into next year. Apple reported iPhone sales up 17% to $57bn in the three months to 26 September, a period that excluded Duo sales.
Latest updates
Apple Cannot Say When More Foldable iPhone Duos Will Reach Buyers After Sellout
Apple's foldable iPhone Duo, priced at $1,999, sold out shortly after its release just over a week ago. The phone was aimed at buyers willing to spend about $2,000 on a new handset. John Ternus, who succeeded Tim Cook as Apple's chief executive in September, spoke on Monday about the early response. He said he was 'thrilled' by the reaction to the device. Ternus said Apple is working to get more foldable iPhones to customers, but the company has not said when wider availability will arrive.
Apple Cannot Say When iPhone Duo Supply Constraints Will Ease, CEO Ternus Tells Reuters
Apple CEO John Ternus said the company is not able to predict when it will have enough iPhone Duo devices to go around. He made the remarks in an interview with Reuters, as reported by The Verge. Ternus did not provide a timeline for when the supply constraints on the device could be lifted. The report does not detail the size of the shortfall or which markets are most affected. Apple's statement signals that buyers in multiple countries may face limited availability for the time being.
Apple Says iPhone Duo Supply Remains Constrained With No Clear Relief Date
Apple's Chief Operating Officer Sabih Khan acknowledged shipping delays for the new iPhone Duo on the company's fiscal fourth-quarter earnings call on Monday. He said the product is constrained as of today and that the ramp is going well. Khan offered little clarity on when customers can expect supply to improve. Analysts on the call also questioned the rising cost of memory chips, which the company linked to soaring demand from the artificial intelligence industry.