Apple Q1 Earnings Call Highlights

Apple’s March-quarter outlook incorporates what Parekh described as “our best estimates of constrained iPhone supply during the quarter,” with total company revenue expected to grow 13% to 16% year-over-year.However, Apple said the strength of demand contributed to a lean channel inventory exiting the December quarter and has pushed the company into “supply chase mode.” Cook told analysts Apple is currently constrained and said it is “difficult to predict when supply and demand will balance.” He attributed ...