Technology

Apple CEO Tim Cook poses in front of a new MacBook Airs running M2 chips display during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022.
Peter Dasilva | Reuters

Apple‘s Mac supply chain has normalized, according to analysts at JPMorgan who said lead times have moderated to a week or less across geographies.

It means Apple customers now have to wait about five days, on average, for a new Mac, compared to a wait time of about 15 days back in June. The wait time is a bit longer in North America, where it takes about eight days to get a new Mac, down from 18 days in June.

Mac sales were short of consensus expectations in the company’s third-quarter earnings report and fell 10% year-over-year. CEO Tim Cook attributed the drop to supply constraints which means Apple couldn’t make enough computers to meet demand.

In April, Apple warned that parts shortages would hit revenue by between $4 billion and $8 billion, and Apple’s website showed extended shipping times for many Mac models during the quarter. Cook said the ultimate hit came in under $4 billion. 

Apple also announced new MacBook Air models in June that began shipping to customers until July. The MacBook Air is Apple’s best-selling computer.  

Articles You May Like

Funeral home owners accused of spending pandemic relief funds on holidays, cosmetic surgery, jewellery and cryptocurrency
Tesla Semi has been pushed ‘well beyond expectations’ by a new customer
Ashanti and Nelly confirm they’re engaged – and expecting their first child
Drone startup Zipline hits 1 million deliveries, looks to restaurants as it continues to grow
Ukraine’s attacks on Russian oil refineries show the growing threat AI drones pose to energy markets