Apple warns of future 'supply constraints' for Mac, iPhone, iPad
Summary
Apple warned it expects bigger supply problems soon for popular products like Macs, iPhones, and iPads, mainly due to high demand and limited chip availability. Despite this, Apple reported strong revenue growth and profit increases in the last quarter. Meanwhile, Amazon showed strong growth in its cloud business, AWS, even though it spent heavily on AI projects.Key Facts
- Apple expects supply constraints to worsen and affect Macs, iPhones, and iPads.
- Apple’s revenue increased by 16% to $109 billion, and profits rose by 26% to $29 billion.
- The supply issues are linked to high demand and limited chips, especially advanced microprocessors from TSMC in Taiwan.
- iPhone and Mac sales grew by 22% and 25%, respectively, in the recent quarter.
- Apple received about $1.1 billion in tariff refunds, which it plans to reinvest in US manufacturing.
- Apple is preparing to relaunch its AI assistant, Siri, with a new version designed to run on devices for better performance.
- Amazon’s cloud business, AWS, grew 37%, its best growth in four years, helping push Amazon’s sales up 20% to $200 billion.
- Amazon’s profits more than doubled to $63 billion, despite negative free cash flow caused by heavy AI spending.
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