Apple unsure when it will get more foldable iPhones ahead of Christmas

Apple has expressed uncertainty about when it will have more foldable iPhones available ahead of the Christmas trading period. The iPhone Duo, the company's first major design change in nearly 20 years, sold out just over a week after its release in late October, despite being Apple's most expensive smartphone at nearly $2,000. The company revealed it faces "constraints" in sourcing key components, making it difficult to predict when supply and demand will balance.

Apple's new CEO, John Ternus, took over in September and introduced the Duo, which has received an "unprecedented" rise in memory costs. These costs, primarily driven by the AI industry's investment in data centers, have led to a rise in chip prices. Ternus also mentioned that Apple is experiencing supply constraints with microprocessors, which are essential for device performance.

Most Apple devices, including iPads and Macs, continue to face these supply issues, exacerbated by the company's repeated insistence on unexpected demand. Despite the Duo's initial success, Apple did not mention any problems with the foldable phone in its latest financial figures. The company's executives, including COO Sabih Khan, emphasized their efforts to get the Duo into customers' hands quickly.

Apple reported record iPhone revenue of $57 billion for the three months ending September 26, with a 17% increase. Mac computer sales also grew by 27% to $10.7 billion. However, iPad and wearable product sales declined by 10% and 7%, respectively. The situation is expected to persist into the next year, particularly affecting iPads and Macs.