![]() ![]() The constraints will primarily impact iPhone and iPad. And third was we expect supply constraints during the September quarter to be greater than what we experienced during the June quarter. The growth rate during the June quarter benefited from a favorable compare.Ĭertain services were significantly impacted by the COVID lockdowns a year ago. Second, we expect our services growth rate to return to a more typical level. First, we expect the foreign exchange impact on our year over year growth rate to be three points less favorable than it was during the June quarter. We expect revenue growth to be lower than our June quarter, year over year growth of 36 percent for three reasons. We expect very strong double digit year over year revenue growth during the September quarter. ![]() Even so, Maestri did mention “some directional insights” about the next quarter, “assuming that the COVID-related impacts to our business do not worsen from what we are projecting today for the current quarter.” These included supply constraints that will impact the iPhone in the coming quarter: ![]() Apple did not offer a heads-up that the 2021 iPhone launch would be delayed.Īpple refrained from offering guidance for the September quarter. The health crisis could still impact production, so there were no guarantees that the iPhone 13 would launch on time.Īpple’s earnings call for the June 2021 quarter seems to confirm the iPhone 13 launch keynote will drop on time. The pandemic isn’t over, with the delta wave having swept Asia before reaching other parts of the world. These moves indicated that Apple is looking to stay ahead of the current shortages but also the health crisis. That’s a significant increase over previous years. Some estimates say that Apple wants to manufacture 90 million iPhone 13 units in 2021. But leaks claimed that Apple has started procuring iPhone 13 chips and OLED panels early. Apple never comments on supply rumors, so we’ll never know whether insiders get it right. Several reports earlier this year indicated that Apple has been making preparations to have enough key iPhone 13 components on hand. The remaining two hit stores a few days into November. Two of the four iPhone 12 flavors launched later that month. But the iPhone 12 press conference came in October, a month later than usual. However, we will provide some additional insight on our expectations for the September quarter for our product categories.Īpple went on to hold three virtual events in September, October, and November. Similar to last quarter, given the uncertainty around the world in the near term, we will not be issuing revenue and margin guidance for the coming quarter. In late July 2020, Apple CFO Luca Maestri had this to say about the iPhone 12 launch: ![]()
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