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Apple Signals Potential iPhone Demand Shortage
Apple has announced that it is facing difficulties in meeting the demand for iPhones in the coming period due to supply chain constraints and a shortage of memory chips, despite posting strong financial performance with device sales growing by 22% for the iPhone and 29% for Mac. The company has increased its inventory levels to $11.1 billion to ensure product availability in the market. However, Tim Cook warned of the growing impact of supply restrictions as supply chain flexibility diminishes, which could hinder adequate iPhone production. Despite its record-breaking financial results, Apple's stock declined by 6% due to concerns about future growth and supply constraints.
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