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reported blowout first-quarter earnings on Thursday, and predicted growth of as much as 16% in the current quarter, matching the period that just ended.
Sales could be even better, Apple said, if the company could secure enough chips to meet its customers’ iPhone demands.
“We expect our March quarter total company revenue to grow by 13% to 16% year over year, which comprehends our best estimates of constrained iPhone supply during the quarter,” finance chief Kevan Parekh told analysts on Thursday.
On the company’s earnings call, analysts asked CEO Tim Cook several questions about Apple’s access to memory components, which have seen their prices skyrocket due to demand related to chips necessary for artificial intelligence data centers. That has caused a memory shortage.
