Apple says Mac sales are getting hit hard by supply constraints - The Verge

Apple’s Q3 2022 earnings narrowly outperformed Wall Street expectations, with slight revenue growth for the iPhone division and a 12 percent jump for services. But Mac revenue fell by 10 percent amid continued supply chain constraints.

Apple narrowly outperformed Wall Street expectations with its Q3 earnings on Thursday afternoon, reporting a slight year-over-year increase in iPhone revenue and a 12 percent jump for its services division. But elsewhere, the company’s numbers sagged: Mac revenues were down by 10 percent — a drop that CEO Tim Cook attributed to supply chain constraints and unfavorable foreign exchange rates. But it also matches an industry-wide trend of PC sales being on the decline.

Earlier this month, Apple released a redesigned MacBook Air powered by the company’s M2 chip — but that didn’t factor into this quarter’s results. The new Air followed the launch of the upgraded 13-inch MacBook Pro in June. The Mac Studio desktop, Studio Display, M1-powered iPad Air, and the latest iPhone SE went on sale back in March. Bloomberg’s Mark Gurman has reported that Apple has a “flood” of new products in the pipeline for the fall and extending into 2023.

On that 10% fall in Mac sales yoy: Cook told me supply constraints and foreign exchange to blame.

https://www.theverge.com/2022/7/28/23282776/apple-q3-2022-earnings-iphone-services-mac

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