iPhone · Apple · BBC Technology
Apple unsure when it will get more foldable iPhones ahead of Christmas
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Apple has said it does not know when it will get more of its new foldable iPhones back in stock as the company heads towards the key Christmas trading period.
Key facts
- IPhone revenue for the quarter rose 17% to $57bn (£42bn)
- Overall, Apple's sales between July and September rose from $102bn to $114bn
- Sales of Mac computers also grew over the three months by 27% to a record $10.7bn
- However, sales for both the iPad and Apple's wearable products, including its headphones and watch, fell by 10% and 7%, respectively
Summary
The iPhone Duo sold out over a week after its launch, despite being Apple's most expensive smartphone at a cost of nearly $2,000. The company warned of "constraints" in sourcing key components and admitted it was "hard to predict when supply and demand will be in balance". Meanwhile, Apple's new chief executive John Ternus said the firm was seeing an "unprecedented" price rise in memory costs, including chips, as the artificial intelligence (AI) industry continues to invest billions of dollars in building data centres. Ternus launched the Duo after he took over from previous boss Tim Cook in September.