Apple’s newly appointed Chief Executive John Ternus expressed enthusiasm for the early market reception of the iPhone Duo, the company’s $1,999 foldable smartphone that reached full allocation shortly after becoming available in late October. Chief Operating Officer Sabhi Kahn stated during an analyst call that the company cannot reliably forecast when supply and demand will stabilize, citing the challenge of balancing unprecedented consumer interest with manufacturing constraints.
While demand remains strong, Apple disclosed that a small number of devices experienced cracking along the interior fold, prompting the company to offer replacements for affected units. The executive team did not elaborate on the scope or cause of the defect during the financial discussion.
Across Apple’s broader product portfolio, the company reported record iPhone sales during the most recent quarter, rising 17 percent to $57 billion for the three-month period ending in late September. Macintosh computer sales also achieved record levels, growing 27 percent to $10.7 billion. However, iPad and wearable product revenues declined by 10 and 7 percent respectively. Overall company revenue grew 15 percent to $479 billion annually.
Apple executives attributed continued supply challenges to semiconductor capacity constraints, particularly for advanced microprocessor nodes typically sourced through Taiwan-based manufacturer TSMC. These limitations are expected to persist into the following year, especially affecting iPad and Mac production. The company also highlighted unprecedented cost pressures on memory storage driven by surging demand from artificial intelligence infrastructure projects, which has prompted approximately 20 percent price increases across Apple’s hardware lineup.
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