Tim Cook, the outgoing Apple CEO, called India a “huge opportunity” as Mac, iPad, and iPhone sales keep growing at double-digit rates. He said Apple’s current smartphone and PC market share is still small, meaning room to expand with India’s growing middle class and many first-time Apple buyers. But supply constraints for some Macs and iPhones, plus rising memory costs, may pressure results.
Apple says it expects supply constraints to continue next quarter for Mac mini, Mac Studio, and its Neo line, citing unexpectedly strong AI-related demand. The company indicated the pull from AI use cases and buyers’ new hardware urgency surprised its planning, leading to tighter availability even as production ramps for key models.
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