The chip shortage could extend well into the second half of 2022.
Per iPhone supplier Foxconn, the chip manufacturer is struggling to keep up with consumer demand. Apple has been dealing with the chip shortage for the past several quarters, but it only started significantly impacting Apple’s business in the most recent quarter. The shortage of specific components and production constraints related to the ongoing public health crisis have impacted iPhone, iPad, Apple Watch, and Mac availability. Apple said that this past quarter, the shortages cost it $6 billion, and it expects the impact to be even more significant for the holiday season.
Per Foxconn, which functions as Apple’s largest supplier for the iPhone, some reports have suggested that production is improving, but is still a length away from being entirely normal.
As the holiday season approaches, Apple is encouraging customers to get their holiday orders in early to ensure they receive them in time for the holidays, and the company has provided “order by” dates for some of its most popular products.
Stay tuned for additional details as they become available.
Via MacRumors and The Wall Street Journal