Source item

Cook adds helpful color about why supply constraints will be more significant in September. Cook says iPhone 22% and Mac 29% growth in June was much better than expected so they pulled supply forward into June from September "and will have one quarter that they will be scrambling for supply". My take: I believe Cooks take. While the Street was modeling for iPhone (half of revenue) to grew at 21% in June, the company guided for closer to 17%, and 22% reported is higher than 17%. As for the Mac (~10% of revenue) definitely was better than the 8% they expected, finishing up 29%.