John Ternus addresses iPhone Duo supply constraints, display issue

Apple reported record Q4 earnings, surpassing Wall Street's expectations. During an interview with Reuters, CEO John Ternus addressed the current supply constraints and display issues associated with the new iPhone Duo.

It is worth noting that Apple's latest quarterly earnings did not include any sales for the iPhone Duo, as the device went on sale in October while the earnings period covered July-September. Wall Street remains eager to learn about the Duo's sales performance and its impact on revenue forecasts for the current quarter.

Ternus discussed two key aspects of the iPhone Duo during the interview: supply constraints and units with display issues. As for supply, Ternus stated that Apple is currently facing constraints, with no indication of when supply and demand might be balanced. He mentioned that the production ramp is progressing well and that the company is working diligently to deliver the Duo to customers as quickly as possible. However, as of now, Apple is unable to predict when supply and demand will reach equilibrium.

Regarding the display issue, Ternus confirmed that a small percentage of iPhone Duo units have been returned due to cracked screens. The company is replacing those affected units with new models.