Archive · 2 Aug 2026
Apple Faces Supply Bottlenecks Ahead of CEO Transition
Apple said it is having trouble getting the parts it needs to make iPhones and Macs.
This could slow how many phones and computers it sells.
The company’s boss, Tim Cook, will leave his job soon and a new CEO will take over in September.
Apple’s sales for the last quarter were still good, but not as fast as before.
The company’s stock fell a little after the news, but it is still worth a lot of money.
Apple warns supply chain constraints will hit iPhone and Mac sales.
Tim Cook will step down as CEO, handing role to John Ternus in September.
iPhone revenue growth slows to mid‑teens, overall sales up 9‑10% vs 12% forecast.
Gross margins expected to pressure due to rising memory chip costs.
Apple stock fell 8% after earnings call, trading down ~6% from close.
- Who
- Tim Cook, Apple Inc. CEO
- What
- Apple reports supply chain constraints and slower growth ahead of leadership change
- When
- Q2 2026 earnings call (quarter ending June 30, 2026)
- Why
- Supply chain bottlenecks and rising memory chip costs threaten growth
- CEO transition
- Tim Cook to step down, John Ternus to succeed in September
- Q2 2026 revenue
- $109.4 billion
- Q2 2026 net income
- $29.8 billion
- iPhone revenue growth
- mid-teens percentage
- overall sales growth
- 9-10% year-over-year
- gross margin
- 48% of sales
- stock movement
- down 6% from close