Apple says Mac sales are getting hit hard by supply constraints

Photo by Amelia Holowaty Krales / The Verge

Apple narrowly beat Wall Street expectations with its Q3 earnings on Thursday, reporting a slight year over year increase in iPhone revenue and a 12 percent jump for its services division. Mac revenues were down by 10 percent due to supply chain constraints and unfavorable foreign exchange rates. It's similar to an industry-wide trend of PC sales being down.

The redesign of the MacBook Air powered by the M2 chip didn't factor into this quarter's results In June, the upgraded 13-inch MacBook Pro was launched. The latest Apple products went on sale in March. According to Mark Gurman, Apple has a huge amount of new products in the works for the fall and beyond.

On that 10% fall in Mac sales yoy: Cook told me supply constraints and foreign exchange to blame.

— Steve Kovach (@stevekovach) July 28, 2022

The iPad unit fell by 2% while the Wearables revenue was down by 8 percent. Apple set a June quarter revenue record, taking in $83 billion and earning $1.20 per share.

It is rumored that Apple will make two large, 6.7-inch devices for its new lineup of phones in 2022. There will be two models of the iPhone 14 Pro Max and the less expensive iPhone 14. The usual pair of 6.1-inch phones are the iPhones 14 Pro and 14. This year's updates won't include the mini-sized Apple device. The new phones will feature upgraded cameras, with the top-tier Pro models gaining a faster processor and a smaller screen.

Upcoming software updates for the iPhone, iPad, Mac, Apple Watch, and Apple TV are currently in public testing. Enhancements to the lock screen will be included in the release of the iPhone.

Apple plans to slow hiring in the face of a possible economic downturn. Cook said that Apple will bring on new employees.