Apple Admits Profitable Holiday Season Even After Supply Shortages That Affected iPhone ProductionInfodeal users
Apple is no stranger to the production problem facing some of its most popular products. The tech giant had to be bailed out of a massive product shortage that it struggled to solve before it even rolled out the iPhone 6 and 6 Plus. It also had issues with its supply of the Apple Watch, which is a new category for the company. It has now turned its attention to the iPhone 8, which is launching in September, and the iPhone X, which is due out in the fall.
Apple has had huge problems sourcing all the components, including the chips required to make the new iPhones. As per the reports, Apple was facing the issue of shortage from so many days and that led to its inconsistency of not meeting the demands of the required I-Phones. For the most part, Apple has been able to find all the chips and other components needed to make iPhones. But that problem affected Apple’s July-September quarter, when it struggled to produce enough iPhones that met demand.
The reports suggested that Apple’s inconsistency to completely fulfill the unreachable hunger for iPhone handsets originates from a pandemic-driven deficiency of microprocessors that are influencing the creation of everything from autos to clinical gadgets. The other big issue to Apple was that it had to struggle to find chips and other components needed to make its phones. In July, the company signed a deal with Taiwan Semiconductor Manufacturing Co Ltd of TSMC, a contract that gives TSMC the exclusive right to produce Apple chips for five years.
The company has never been shy about spending money to secure the rights to manufacturing technology, however, and some analysts are skeptical of the long term deal
Apple’s services team, which is responsible for the company’s iPhone and Mac products, is now even more important than the company’s hardware division, which makes devices like the iPhone and MacBook. The iPhone maker has raised its forecast for this year, and its stock has climbed more than 3 percent since its July-September quarter earnings beat forecast.