Tim Cook says iPhone 17 demand is ‘off the charts’, but supply constraints impacted sales

Apple just announced its quarterly results, including $56.99 billion in iPhone revenue. This number is slightly below the average of analyst expectations heading into the earnings, but Tim Cook tells Reuters that Apple would have sold more if it had the supply.

Cook said iPhone 17 demand “was off the charts”. He said supply of advanced processor nodes is constrained and “there’s just a little less flexibility in the supply chain at the moment” in terms of getting more parts available.