Apple reported strong Q2 2026 earnings with iPhone revenue surging 22% to $57 billion despite ongoing chip shortages. CEO Tim Cook stated demand remains 'off the charts' while acknowledging supply constraints affecting processors and potentially future Mac production. The company achieved $111.2 billion total revenue, marking its best March quarter ever.
Background
Global chip shortages have been affecting electronics manufacturers since 2020, creating supply constraints across the tech industry. Apple's ability to maintain strong revenue growth despite these challenges demonstrates their supply chain management and persistent consumer demand.
- Source
- The Verge
- Published
- May 1, 2026 at 04:58 AM
- Score
- 6.0 / 10