Apple Warns of Growing Supply Constraints for iPhone, iPad, and Mac

Apple is expecting supply constraints to have a much bigger impact on revenue during the September quarter, Apple CEO Tim Cook said today during Apple's earnings call for the third quarter of 2026. Supply constraints will impact the iPhone, iPad, and Mac. Cook said Apple is seeing less flexibility in the supply chain than normal and an issue with the availability of the advanced nodes that Apple's chips are produced on. We continue to expect high levels of demand. However, with less flexibility in the supply chain, we expect the impact from the supply constraints to increase significantly sequentially. He said the cause is not a regular supply issue, but a demand forecast issue. The iPhone and Mac are doing "remarkably better" than Apple expected. Let me stress again. This isn't a partner or supplier issue. This issue is an incredibly strong demand. It's a great issue in some ways. It's an incredibly strong iPhone and Mac product cycle that has really yielded a demand beyond ou