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Apple sees ‘tremendous’ global response to latest iPhones

MacDailyNews

Oct 31

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Apple’s new iPhone 17 Pro and iPhone 17 Pro Max

Apple CEO Tim Cook described the global response to the latest iPhones as “tremendous” during the release of the company’s recent financial results.

In September, the tech giant introduced its thinnest model yet, the iPhone Air, alongside upgraded iPhone 17 variants, driving strong sales.

The company anticipates a record-breaking holiday season, projecting revenue growth of up to 12% compared to the same period last year.

Danielle Kaye for The Beeb:
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Apple narrowly missed estimates for iPhone sales in its fourth quarter that ended in September, which boss Tim Cook blamed on supply constraints for several iPhone models along with a lag in shipments to China.
Despite that, during a call with analysts Mr Cook said Apple is heading into the holiday season “with our most powerful lineup ever”.
The iPhone Air helped entice customers and boost sales.
If the company meets its sales forecast for the holiday season, it would be Apple’s “best quarter ever”, chief financial officer Kevan Parekh told analysts on Thursday.
Mr Cook stressed that global demand for iPhone 16 and 17 models has been robust, despite constraints that led to the sales miss in the recent quarter.
“We’re not predicting when the supply and demand will balance,” Mr Cook said. “We’re obviously working very hard to achieve that, because we want to get as many of these products out to customers as possible.”
In the Chinese market, he said he “couldn’t be more pleased with how things are going”, citing strong reception to the new iPhone 17.

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MacDailyNews Take: Apple will get iPhone supply to better match the strong demand and fiscal Q126 will be a banner quarter!

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