Apple has warned that it will struggle to meet demand in the third quarter due to strong demand for its iPhone, iPad, and Mac products, which exceeds its supply chain capacity. The company’s concerns were highlighted during its last investor call before the departure of a senior executive, raising concerns about production and availability.
The warning comes as the tech giant faces ongoing challenges with component costs, particularly with memory prices, which Tim Cook described as a “100-year flood.” This has led to a significant drop in Apple’s stock price, falling 10% in a single day. The financial impact reflects broader concerns about slowing growth and supply constraints affecting the company’s performance in the current quarter.
Meanwhile, Apple’s new AirTags are available at their lowest price yet, with a four-pack offering $10 off at Amazon and Target. The product is being recommended over competitors like Tile, despite the ongoing supply chain issues. Additionally, the iPhone 14 series is being sold at a discount, with some retailers offering up to £200 off the launch price, making it one of the most affordable options on the market.
