Apple CEO has warned of potential product shortages later in the year.
A computer chip shortage has been hit by covid 19 pandemic over the past year.
Tech Companies around the globe seek to meet the requirement demand for manufacturing of products such as cars, tech gadgets and smartphones.
And Apple Chief Executive Officer Tim Cook says supply issues could affect products that uses Apple’s own M1 chip, which include the new iPad Pro and iMacs launched this year.
The shortage could reduce Apple’s profits,
“We expect to be supply-gated, not demand-gated,” Tim Cook told analysts.
“The shortages primarily affect iPad and Mac which was announced this year.
“We have a good handle on our demand – but what everybody else is doing, I don’t know.
“We will do our best, that’s what I can tell you.”
It would be “very, very difficult” to predict when the shortages would end, he added.
The expensive cost of manufacturing chip facilities means they operate at near full capacity, so it will take time to meet the increased demand.
Apple has been selling its products such us iPhones, iPad, iMacs, apps and other devices throughout the covid 19 global pandemic, as users spent more time working, shopping, and watching movies online.
Users continued to purchase Apple’s new 5G phones, rolled out last year, and bought Mac computers and iPads to work and study from home.
