Today Apple reported record Q4 earnings, beating Wall Street expectations overall. In a Reuters interview, CEO John Ternus addressed current iPhone Duo supply constraints and units returned for display issues. Apple is 'not able to predict' when iPhone Duo will reach supply-demand balance.
The latest quarterly earnings did not include iPhone Duo sales, as the period covered July-September, before the device launched in October. Currently, Apple Store shipping estimates remain set for late January, having stayed there since pre-orders sold out on October 16. Regarding display quality, Ternus confirmed the issue is real but limited, stating "a very small percentage" of units were returned with display problems.
Apple is replacing affected units with new models. Wall Street remains curious about foldable sales and revenue forecasts for the current quarter. Ternus noted the ramp is going well, and Apple is working hard to get the device to as many customers as quickly as possible despite current limitations.
Source: 9to5Mac · Summarized by HeadlinesBriefing