Chip Shortage Continues
It wasn’t all sunshine and roses, however, as Apple’s CEO and CFO both warned investors that the iPhone and iPad are both going to be hit by supply constraints, likely caused by the ongoing global chip shortage.
This has been impacting electronics manufacturers and even carmakers around the world, and it’s likely to continue through the rest of 2021 and possibly even into early 2022. Apple has managed to weather the storm better than most thanks to its powerful supply chain and logistical planning skills, but it’s not going to be completely immune from it.
The good news, however, is that it doesn’t look like Apple will be delaying any product releases this year — merely that it may be harder to get your hands on the newest iPhone and iPad models when they launch this fall.
However, the caution is mostly to let investors know that growth in Q4 may not be as high as they’d expect due to Apple shipping fewer products than it would like to.