Apple’s iPhone and Mac sales keep growing despite RAM shortages

Apple said iPhone revenue rose 22% to $54.25 billion and Mac revenue climbed 29% to $10.35 billion, helping total quarterly revenue reach $109.4 billion. CFO Kevan Parekh warned that supply constraints are expected to worsen next quarter and affect iPhone, Mac, and iPad availability.

The results show Apple can still drive strong demand and pricing power despite tightening component supplies. But worsening memory shortages could pressure production, product availability, and margins across the device industry in the coming quarters.