According to an analyst, Apple sold over 40 million iPhone 13 models over the holiday period, a record for the company.
Demand for the 13 model of the Apple product was slowing as delivery estimates for the 13 model began to improve.
In a new note to investors, seen by MacRumors, Ives said that demand for the current iPhone cycle will outstrip supply in the December quarter, a positive sign for Apple as supply chain issues begin to resolve themselves in the first half.
The supply chain issues that have plagued Apple over the last few weeks will be alleviated in the March and June quarters as demand outstrips supply, according to our checks.
China has been a major source of strength for Apple over the last 12 months and a key region for iPhone sales, particularly in relation to increased market share due to the "multi-year supercycle" afforded by the iPhone 12 and iPhone 13
According to the analyst, over 200 million of the 975 million iPhone users haven't upgraded in the last three and a half years, and he believes that Apple's continued sales will provide highly influential tailwinds as excitement builds for the mixed reality headset.
Apple's services business, which includes Apple Music, iCloud, Apple TV+, and Apple Fitness+, is the linchpin of the company's valuation re-rating, according to analyst Daniel Ives. Despite reports of supply constraints, Apple will become the first $3 trillion market cap company in 2022.
