October 2, 2022

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JPMorgan says Apple's Mac offering has normalized

JPMorgan says Apple’s Mac offering has normalized

Apple CEO Tim Cook stands in front of a new MacBook Airs M2 chipset display during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022.

Peter DaSilva | Reuters

appleMac’s supply chain has been normalizing, according to analysts at JPMorgan, who said delivery lead times have eased to a week or less across geographies.

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

Mac sales were below the company’s consensus forecast Third Quarter Earnings Report It is down 10% year over year. CEO Tim Cook attributed the drop to supply constraints, which meant Apple couldn’t make enough computers to meet demand.

In April, Apple warned that parts shortages would affect revenue by between $4 billion and $8 billion, and Apple’s website showed extended shipping periods for several Mac models during the quarter. The hit ultimately came at less than $4 billion, Cook said.

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

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