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Apple cautions on iPhone supply issues
Despite recording its strongest quarterly performance in history, Apple warned of difficulties in meeting the increasing demand for iPhones due to supply chain constraints and a shortage of memory chips, which are placing pressure on production operations. The company has increased its inventory to levels not usually seen to ensure product availability, with expectations that the impact of supply restrictions will intensify over time, even though it achieved record financial results with a 22% growth in iPhone sales. The warnings suggest a potential production shortfall as demand escalates, especially with the company preparing to unveil new models in September.
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