The chip shortage predicted for the tech industry, in general, could harm Apple. And although various reports claim that those of the bitten apple got more amounts than other companies, Apple CEO Tim Cook himself assures that that might not be enough and that the skills shortage could also. affect the iPad and the Mac.
During the round of questions for the second quarter of fiscal 2021 earnings call, an analyst asked Cook when supply restrictions could ease and when the industry could overcome some of the momentum of offer, and Cook said it was difficult to give a correct answer, but Apple would do its best to meet the demand for products.
Apple hopes to meet demand for iPad and iMac
Cook said he would not provide product-level details, but that there would be component supply issues affecting the iPad Pro and iMac M1 lines, which were updated just days ago during the company’s spring event:
“Most of the issues are with legacy nodes, not only in our industry, but in other industries as well. To answer this question precisely, we would need to know the real demand of each player and how it will evolve in the months to come, so it is difficult to give a good answer. “
“We have a good handle on our request, but I don’t know what others are doing. We will do our best, that’s what I can tell you. “
Cook’s response was broadened with the intervention of Apple CFO Luca Maestri, who confirmed that Apple has seen an impact from the chip shortage and will see a sequential decline of around $ 3-4 billion. in Q3 2021 revenue due to iPad and Mac supply limitations.
With the recent IPad Pro, iMac M1 and May 21 launch and shipments Expectations for Apple to meet demand have started to gain the attention of industry analysts. In this sense, Cook also shared the company’s expectations.
“We hope to be regulated by supply and not by demand.”
