NEW DELHI: Apple doesn’t anticipate any main modifications in the way in which its provide chain operates, chief govt Tim Cook dinner stated. Talking at an earnings name, Cook dinner stated Apple’s provide chain stays fast-paced, leaving little or no time between the manufacturing of a semiconductor chip, its packaging and its eventual use in a completely produced system leaving the manufacturing unit.
“Our largest concern by far has been the chip scarcity. That’s industry-wide and on these legacy nodes. Our provide chain truly does very properly contemplating the shortages, as a result of it is a fast-moving one and the cycle occasions are very brief. There’s little or no distance between a chip being fabricated and packaged and a product going out of the manufacturing unit. So, no, I do not see that it makes a basic change within the provide chain,” Cook dinner stated in response to a query by Kathryn Huberty, managing director at Morgan Stanley.
Cook dinner’s assertion comes at a time when a number of corporations within the semiconductor enterprise have been methods to diversify their manufacturing plans, with the US, Europe and India pushing to carry semiconductor manufacturing underneath their ambit. The semiconductor diversification push comes on the again of a protracted, worldwide chip scarcity, leaving corporations in varied international locations being struck by part provide shortages.
Globally, the Taiwan Semiconductor Manufacturing Firm (TSMC) controls practically 53% of the chip market, in accordance with {industry} information from Statista. On this notice, Intel and Samsung have introduced plans to construct new semiconductor vegetation within the US, whereas the Indian authorities has rolled out a ₹76,000 crore plan to incentivise chipset meeting, packaging and manufacturing to draw chipmakers to the nation.
Cook dinner’s assertion means that Apple stays happy with its provide chain, a minimum of for now, regardless of the worldwide scarcity of chips.
Apple reported file quarterly revenues of $123.9 billion for the October-December interval, up 11% year-on-year. Whereas Cook dinner didn’t break down the figures for India through the earnings name, he stated each developed and rising markets noticed income development through the quarter for all product segments, barring iPad.
The quarter reportedly noticed sturdy demand for iPhones in India as properly. In accordance with information from market analysis agency CMR, Apple shipped 2.2 million iPhones within the nation between October and December, marking a 48% rise in cargo numbers year-on-year. This has been attributed to a robust product launch interval of the iPhone 13 collection.
Market analysis agency Counterpoint Analysis stated Apple noticed file shipments for India by means of 2021, with the corporate surpassing the 6 million determine for iPhones within the nation by means of the earlier 12 months.
Cook dinner stated that Apple sees “plenty of potential” within the rising metaverse area, including that it’s “investing accordingly.” He revealed that the Apple App Retailer has over 14,000 apps providing augmented actuality experiences through the use of Apple’s ARkit augmented actuality framework.
Supply: Live Mint