Technologies

Apple warns of more supply chain woes after iPhone 13 drives revenue surge

The tech giant’s financial disclosures follow the release of new Mac computers, iPads and the iPhone 13.

Apple warned on Thursday that it continues to struggle with supply chain disruptions as it ramps up for an expected holiday shopping crunch following the release of its iPhone 13, new iPads, Apple Watches and Mac computers.

Apple said that iPhone sales jumped nearly 47% in the three months ended Sept. 25, as consumers snatched up the new iPhone 13. But Apple said its sales could have even been higher if not for the continued spread of the coronavirus pandemic, which has disrupted businesses across the globe. For Apple that led to a more limited number of products it could make and ship to customers.

Apple CEO Tim Cook said the company missed out on as much as $6 billion in revenue as a result of constrained supplies, primarily driven by silicon chip shortages and manufacturing disruptions. «We are optimistic about the future, especially as we see strong demand for new products,» he told analysts on a conference call.

Still, even though the company expects supply constraints to continue through the holidays, CFO Luca Maestri said he expects Apple to set new sales records during the holiday shopping season.

Apple’s financial disclosures add to a growing tapestry of information about the world economy amid the pandemic. The pandemic upended what turned out to be fragile supply chains around the globe when it ripped through manufacturing and shipping hubs at the beginning of last year. Now, as the holiday shopping season begins, questions remain about potential supply shortages.

In response, large retailers such as Target, Best Buy, Amazon and even Macy’s have begun rolling out early Black Friday deals before Halloween in an effort to draw people to shop now.

As for Apple, many of its newly launched products are already on back order, with the company quoting shipping times for new iPhones into November and new Macs into December. That all speaks to how much Apple’s struggled to keep up with demand.

It also likely helps that Apple’s fiscal fourth quarter included launches for highly anticipated products, including a more rugged $399 Apple Watch Series 7, updated $329 entry-level iPad, and redesigned $499 iPad Mini. The biggest release though was the series of iPhone 13 models, starting at $699.

The company said it tallied $38.8 billion in iPhone sales, up from $26.4 billion the same time a year earlier. Some of that can be attributed to quirks of the calendar. Apple released its iPhone 12 last year a few weeks later than usual, and as a result, its iPhone sales took a hit. This year, Apple stuck to its typical schedule of releasing new iPhones in September.

All told, Apple said it notched profits of $20.5 billion, up 62% from the same last year. That translates to $1.24 per share in profit, off $83.36 billion in overall revenue, which itself was up more than 28% from the $64.7 billion reported last year. But it was below analysts’ average estimates, which were $1.24 per share in profits on nearly $84.9 billion in revenue, according to surveys published by Yahoo Finance.

«It’s difficult to predict COVID,» Cook said. He added that he believes Apple’s still in a «materially better» position than it was earlier this year.

Apple’s stock closed regular trading up 2.5% to $152.57 per share. The stock’s risen nearly 18% so far this year, valuing the company at more than $2.5 trillion.

Supply shortages

The tech industry’s supply issues stretch back more than a year. Initially, industry executives said, many companies lowered orders for products out of fear for decreased demand when the pandemic was just starting last year. That, mixed with waves of illness and manufacturing shutdowns, led to supply shortages as people ramped up online shopping.

Chip shortages have extended well past the tech industry too. It’s kept Sony from being able to produce enough of its PlayStation 5 consoles to meet demand. But it’s also kept Ford from being able to make its F-150 trucks.

Apple’s Cook said that most of the supply shortages it’s facing are among older chips, though the company didn’t say which products or chips in particular it’s referring to. But he did say that getting enough newer chips isn’t as much of an issue.

«What we’re doing is working with our partners, and making sure that they have supply,» he said. Apple’s reworked some of its manufacturing, he added, to have as many products ready for chips as possible. That way, a chip can roll off the manufacturing line, into a product and shipping «as fast as possible.»

By the numbers

Apple said it set a record for Mac sales at nearly $9.2 billion, up slightly from the $9 billion a year earlier, despite the struggles it’s faced to get products to customers.

Apple said its success is primarily driven by the company’s new M1 chips, microprocessing brains designed by the teams that work on the iPhone. These chips, which were first released last year, have been well received by reviewers, who say they’re able to perform well when compared to previous Mac computers. Apple had relied on Intel chips to power its computers for about 15 years.

«After nearly a year, I can say the Intel-to-M1 transition has been relatively smooth,» CNET reviewer Dan Ackerman wrote of the new Mac computers. «The best thing I can say about the M1 chip is that it’s largely transparent to the everyday MacBook Air user, which is exactly what you want from a big under-the-hood change like this.»

Apple’s iPad sales jumped 21% to $8.2 billion. Its segment called «wearables, home and accessories,» which includes the HomePod Mini and Apple Watch, jumped more than 11% to nearly $8.8 billion. Services revenue, including from the company’s $5-a-month Apple TV Plus service, rose 26% to nearly $18.3 billion.

Apple said nearly a third of its revenue now comes from developing countries. Sales in Greater China nearly doubled to $14.5 billion from the year earlier, while sales in the Americas jumped 20% to $36.8 billion, Europe rose 23% to $20.8 billion, and Japan ticked up 19%. Revenue from the rest of Asia Pacific rose 25% to $5.2 billion.

Technologies

Today’s Wordle Hints, Answer and Help for Aug. 13, #1516: Did You Know This Word?

Here are hints and the answer for today’s super-difficult Wordle for Aug. 13, No. 1,516

Looking for the most recent Wordle answer? Click here for today’s Wordle hints, as well as our daily answers and hints for The New York Times Mini Crossword, Connections, Connections: Sports Edition and Strands puzzles.

Today’s Wordle puzzle is a pretty tough one. It describes a drink that most Americans have probably never tried before, and the letters aren’t super common, either. If you need a new starter word, check out our list of which letters show up the most in English words. If you need hints and the answer, read on.

Today’s Wordle hints

Before we show you today’s Wordle answer, we’ll give you some hints. If you don’t want a spoiler, look away now.

Wordle hint No. 1: Repeats

Today’s Wordle answer has no repeated letters.

Wordle hint No. 2: Vowels

Today’s Wordle answer has two vowels.

Wordle hint No. 3: Start letter.

Today’s Wordle answer begins with K.

Wordle hint No. 4:Drink up

Today’s Wordle refers to a beverage.

Wordle hint No. 5: Meaning

Today’s Wordle answer refers to a fermented milk drink with a sour taste, which originates from the Caucasus Mountains.

TODAY’S WORDLE ANSWER

Today’s Wordle answer is KEFIR.

Yesterday’s Wordle answer

Yesterday’s Wordle answer, Aug. 12, No. 1515 was NOMAD.

Recent Wordle answers

Aug. 8, No. 1511: IMBUE

Aug. 9, No. 1512: NASAL

Aug. 10, No. 1513: MINTY

Aug. 11, No. 1514: SOUTH

What’s the best Wordle starting word?

Don’t be afraid to use our tip sheet ranking all the letters in the alphabet by frequency of uses. In short, you want starter words that lean heavy on E, A and R, and don’t contain Z, J and Q.

Some solid starter words to try:

ADIEU

TRAIN

STARE

NOISE

Technologies

Today’s NYT Connections Hints, Answers and Help for Aug. 13, #794

Here are some hints and the answers for the NYT Connections puzzle for Aug. 13, #794.

Looking for the most recent Connections answers? Click here for today’s Connections hints, as well as our daily answers and hints for The New York Times Mini Crossword, Wordle, Connections: Sports Edition and Strands puzzles.

I loved the blue group in today’s NYT Connections puzzle. And if you’re a music lover who’s always found band names interesting, you might, too. Read on for clues and today’s Connections answers.

The Times now has a Connections Bot, like the one for Wordle. Go there after you play to receive a numeric score and to have the program analyze your answers. Players who are registered with the Times Games section can now nerd out by following their progress, including the number of puzzles completed, win rate, number of times they nabbed a perfect score and their win streak.

Read more: Hints, Tips and Strategies to Help You Win at NYT Connections Every Time

Hints for today’s Connections groups

Here are four hints for the groupings in today’s Connections puzzle, ranked from the easiest yellow group, to the tough (and sometimes bizarre) purple group.

Yellow group hint: Fascinate.

Green group hint: Just a part of something.

Blue group hint: Think band names.

Purple group hint: Shape on a certain Hollywood sidewalk.

Answers for today’s Connections groups

Yellow group: Captivate.

Green group: Excerpt.

Blue group: Member of a girl group.

Purple group: Star ____.

Read more: Wordle Cheat Sheet: Here Are the Most Popular Letters Used in English Words

What are today’s Connections answers?

The yellow words in today’s Connections

The theme is captivate. The four answers are charm, entrance, rivet and thrill.

The green words in today’s Connections

The theme is excerpt. The four answers are clip, extract, passage and quote.

The blue words in today’s Connections

The theme is member of a girl group. The four answers are Bangle, Chick, Go-Go and Supreme.

The purple words in today’s Connections

The theme is star ____. The four answers are board, fish, gate and struck.

Toughest Connections puzzles

We’ve made a note of some of the toughest Connections puzzles so far. Maybe they’ll help you see patterns in future puzzles.

#5: Included «things you can set,» such as mood, record, table and volleyball.

#4: Included «one in a dozen,» such as egg, juror, month and rose.

#3: Included «streets on screen,» such as Elm, Fear, Jump and Sesame.

#2: Included «power ___» such as nap, plant, Ranger and trip.

#1: Included «things that can run,» such as candidate, faucet, mascara and nose.

Technologies

Act Quickly Because the Beats Solo 4 Wireless Headphones Are 50% Off, but Not for Long

If you’re quick, you can snag the Beats Solo 4 headphones for just $100, with several colors to choose from.

If you’re looking at getting some shiny new headphones, and you want a serious audio upgrade, then you could be staring down at a nasty price tag. Thankfully, there can be some amazing deals here and there. Right now, that includes getting a pair of Beats Solo 4 headphones for half-price.

That means you can get these excellent headphones for just $100, and you can choose from a few different colors as well. These are excellent headphones, but the deal won’t last long, so we recommend snapping them up now if you want them.

As far as headphone deals go, you won’t want to miss this one. The Beats Solo 4 headphones have plenty going for them, including a 50-hour battery life, so you won’t need to reach for the charger that often. And when you do need to charge them up, a 10-minute charge gives you 5 hours of listening time. If you prefer to listen with a cable instead of wirelessly, you can do so with the Beats Solo 4, which includes support for high-quality audio.

Hey, did you know? CNET Deals texts are free, easy and save you money.

CNET’s audio expert David Carnoy rated the Beats Solo 4 highly in his full review last year but advised readers to wait for them to drop to $130 or so. The colors on sale for $100 include matte black, pink and blue, and all have custom acoustic architecture and updated drivers to offer the signature sound from Beats. If you’re a fan of bass, you won’t be disappointed. The adjustable earcups and UltraPlush cushions ensure long listening sessions are comfortable.

HEADPHONE DEALS OF THE WEEK

Sony WH-1000XM4 Wireless Noise Cancelling Over-Ear Headphones (Navy):

$298 (save $50)
Soundcore Life Q20 Hybrid Active Noise Cancelling Headphones (Black):

$40 (save $20)
Beats Studio Pro Wireless Noise Cancelling Headphones (Black):

$300 (save $51)
Sennheiser Momentum 4 Wireless ANC Over-Ear Headphones (Black):

$299 (save $151)
Bowers & Wilkins Px7 S2e ANC Over-Ear Headphones (Black):

$220 (save $180)

Deals are selected by the CNET Group commerce team, and may be unrelated to this article.

Why this deal matters

The Apple-owned Beats brand is iconic, and this is your chance to put a pair of the company’s popular headphones in your tech bag at a huge saving. Getting anything for half the price is an incredible opportunity. Being able to pick your color sweetens the deal, but the limited-time nature of the deal does mean you need to act sooner rather than later.