Apple CEO Ternus Says iPhone Duo Shortages Have No End Date in Sight
Key Points:
- Apple is currently unable to meet demand for the iPhone Duo, with no clear timeline for when supply will catch up, according to CEO John Ternus.
- The company is ramping up production and working to deliver units to customers as quickly as possible, but supply and demand remain unbalanced.
- A small percentage of iPhone Duo units have experienced display issues, with Apple offering replacements to affected customers.
- Orders placed today have delivery estimates extending into January, and in-store availability for online reservations is limited.
- Apple reported a record $114.5 billion revenue for the September quarter, though iPhone Duo sales are not included as the device launched after the quarter ended.