Apple CEO John Ternus says the iPhone Duo remains in short supply, with no clear estimate for when supply and demand will come into balance. Speaking after Apple reported record results for its September quarter, Ternus said production is ramping up but the device is still constrained. COO Sabih Khan also told analysts that it is difficult to predict when availability will improve.
The foldable iPhone sold out within hours of pre-orders opening on October 16, and delivery estimates soon moved to January. Apple had also warned that in-store walk-in stock would be limited. Current orders placed through Apple are still estimated to arrive in January, while stores have had little stock available for online reservations.
The company reportedly ordered 44% more units from suppliers last month, but that has not yet resolved the shortage. The iPhone Duo went on sale on October 23, so it was not included in Apple's September-quarter results.
Ternus also addressed reports of inner-display damage on some early units, saying a very small percentage had been returned for display issues and that Apple was replacing them. For the current quarter, which includes the holiday period, Apple expects revenue growth of 7% to 10%. CFO Kevan Parekh said the outlook reflects the company's best view of constrained supply.
Sources: GSMArena.