Apple says Mac sales are getting hit hard by supply constraints
Apple narrowly outperformed Wall Street expectations with its Q3 earnings on Thursday afternoon, reporting a slight year-over-year increase in iPhone revenue and a 12 percent jump for its services division. But elsewhere, the company’s numbers sagged: Mac revenues were down by 10 percent — a drop that CEO Tim Cook attributed to supply chain constraints and unfavorable foreign exchange rates. But it also matches an industry-wide trend of PC sales being on the decline.
Earlier this month, Apple released a redesigned MacBook Air powered by the company’s M2 chip — but that didn’t factor into this quarter’s results. The new Air followed the launch of the upgraded 13-inch MacBook Pro in June. The Mac Studio desktop, Studio Display, M1-powered…
