Supplies Will Improve by March
Like just about every other company in the midst of the global health pandemic, Apple has been facing a lot of supply constraints. In fact, in Q4 2021 it predicted that it could have made $6 billion more if it had simply been able to keep up with customer demand.
While Apple executives didn’t share an overall estimate of the shortfall this time around, it’s clear the company is still dealing with supply chain problems, but it also predicts that’s about to change. Apple CEO Tim Cook told The Wall Street Journal that it expects to be “less constrained” in March than it was in the December quarter.
Cook was careful to say that he’s not making predictions as to when the supply chain issues will be over, as some of that is also based on customer demand, which is much harder to predict, but he is expecting it to begin improving at least slowly.