Apple to reach supply-demand balance with iPhone 15 Pro, iPhone 15 Pro Max this quarter،
As we told you earlier today, Apple released its fourth-quarter financial results, which included two record highs. The company reported the highest ever iPhone revenue for a fiscal fourth quarter. Considering this quarter includes September, when Apple begins shipping the latest
iPhone models, this record means a lot. iPhone is Apple’s largest business segment, but its second-largest business unit, Services, also did well by setting a new single-quarter revenue record.
Interestingly, after Apple’s earnings release and conference call for analysts and media, CEO Tim Cook and CFO Luca Maestri pointed out that even now, more than a month after the release by Apple, delivery times for the iPhone 15
Pro and iPhone 15 Pro Max orders on Apple’s online store are approximately two to three weeks away. Most physical Apple Stores are out of stock for the new one iPhone 15 Pro And
iPhone 15 Pro Max.
By
9to5MacApple CEO
Tim Cook says delivery times should start to shorten and shortages of high-end 2023 iPhone models should end before the end of the first fiscal quarter of 2024 in late December. “We believe that later this quarter we will achieve a balance between supply and demand,” Cook said. If you are considering giving someone the
iPhone 15 Pro Or iPhone 15 Pro Max as a holiday gift, you can order it now without worrying about it arriving on time.
When Apple’s fourth-quarter fiscal report was released and the conference call took place, the stock plunged after hours.
According to
Bloomberg, also mentioned during the conference call, and the main reason why Apple shares fell after hours, was a comment from CFO Luca Maestri about the current fiscal first quarter of 2024. This self So-called “holiday quarter” is usually a good one for Apple because of the holiday shopping season. However, Maestri expects no overall year-over-year revenue growth for the quarter ending at the end of December.
Wall Street was expecting a 5% year-over-year increase in revenue for the quarter, so the comments from Apple’s CFO were concerning to investors. He said iPhone revenue would see growth in the quarter. However, Maestri warned that revenue would decline significantly in the current quarter for the iPad and Apple’s wearable unit, which includes the Apple Watch and AirPods.
Apple’s sales in China are a concern for the company as the release of Huawei’s first 5G phone in three years, the Mate 60 Pro, has electrified Chinese consumers. Apple’s fourth-quarter sales in China fell 2.5% year-over-year to $15.08 billion. Some analysts expected Apple to report fourth-quarter revenue of $17 billion in the country.
