Apple Forecasts Worsening Supply Constraints, Slowing Growth Rate
All of Apple’s product lines saw double-digit revenue growth during its latest quarter, but products such as the iPad and iPhone could be more severely impacted by component shortages during the current quarter, Apple executives said Tuesday. By Kyle Alspach July 27, 2021, 07:06 PM EDT
While Apple’s revenue surged 36 percent during its latest quarter, year-over-year, the growth is expected to face a slowdown for the current quarter due in part to increased supply constraints, Apple executives said Tuesday.
Compared to Apple’s third quarter of fiscal 2021, ended June 26, “we expect supply constraints during the September quarter to be greater,” CFO Luca Maestri said Tuesday during the company’s quarterly call with analysts.
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Apple is planning to begin manufacturing of the next new MacBook Pro models during the current quarter, though sales may not start until the spring, according to reports on a research note from well-known Apple analyst Ming-Chi Kuo.
It is expected to bring some version of its high-performance Mac chips to the new 14-inch and 16-inch MacBook Pro models, as well as mini-LED display technology. However, a shortfall in availability for mini-LED components has reportedly delayed the new MacBook Pro production thus far this year.
A new research note from Kuo – an analyst at TF International Securities who has frequently made correct Apple predictions in the past – pinpointed the third quarter as the timeframe for mass production on the 14-inch and 16-inch MacBook Pros to begin, according to reports. The third quarter began July 1 and runs through the end of September.
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