iPhone Duo: Apple unsure when more of the foldable devices will be available
Apple is facing supply constraints for its new foldable iPhone Duo, with no clear timeline for restocking during the holiday season. CEO John Ternus also noted rising memory costs driven by heavy investment in the artificial intelligence sector.
Why it matters
Supply chain issues and rising component costs for AI-related hardware could impact consumer electronics pricing and availability globally.
Image source, Reuters Image caption, Chief executive John Ternus was presenting his first Apple results since taking over from Tim Cook
Apple has said it does not know when it will get more of its new foldable iPhones back in stock as the company heads towards the key Christmas trading period.
The iPhone Duo sold out just over a week after its launch, despite being Apple's most expensive smartphone at a cost of nearly $2,000.
The company warned of "constraints" in sourcing key components and admitted it was "really hard to predict when supply and demand will be in balance".
Meanwhile, Apple's new chief executive John Ternus said the firm was seeing an "unprecedented" price rise in memory costs, including chips, as the artificial intelligence (AI) industry continues to invest billions of dollars in building data centres.
Headlinne story · 4 newsrooms
Apple Warns of Long Delays for New Foldable Phone
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Apple says it's 'really hard' to predict when iPhone Duo supply will catch up to demand
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