如果您正在考虑购买苹果首款折叠屏 iPhone，请知悉：要拿到手可能需要等待一段时间。在周一的财报电话会上，苹果首席运营官萨比赫·汗（Sabih Khan）告诉投资者，公司无法预测其新款 iPhone Duo 的供应何时能赶上需求。“所以我们对 iPhone Duo 最初的市场反响感到欣喜。截至今天，iPhone Duo 处于供不应求状态，”汗在回答摩根大通分析师提问时表示。
If you're considering Apple’s first foldable iPhone, know that getting your hands on it could take a while. During Monday's earnings call, Sabih Khan, Apple's chief operating officer, told investors that the company couldn’t say when supply of its new iPhone Duo will catch up with demand. “So we're thrilled with the initial response on the iPhone Duo. iPhone Duo is constrained as of today,” Khan said in response to questions from a JPMorgan analyst.
“产能爬坡进展顺利，我们正全力以赴，尽快将这款革命性新产品交到客户手中，”汗补充道。“但就目前而言，很难预测供需何时能达到平衡。”
“The ramp is going well, and we're working hard to get this revolutionary new product into the hands of our customers as quickly as possible," Khan added. "But at this time, it's really hard to predict when supply and demand will be in balance."
Duo 于 10 月 23 日发售，此前于 10 月 16 日开启预订。这款折叠屏手机起售价为 1999 美元，像书本一样展开后可呈现一块 7.6 英寸屏幕。在线下单的客户很快面临漫长等待，预订开启后不久，预计交货时间便滑落至 2027 年 1 月底。
The Duo was released on October 23, following preorders on October 16. The folding phone starts at $1,999 and opens like a book to reveal a 7.6-inch screen. Customers ordering online quickly faced a long wait, with delivery estimates slipping into late January 2027 shortly after preorders opened.
供应紧张不只局限于苹果最新款手机。汗表示，在 9 月季度，iPhone、Mac 和 iPad 因强劲需求均面临供应受限，但最大瓶颈在于用于生产苹果处理器的先进芯片制造技术的获取。“对于 12 月季度，我们预计 Mac 和 iPad 将面临供应限制，主要由内存驱动，因为需求高于我们的预期，”汗说。苹果正在与科技巨头争夺内存，后者正向 AI 数据中心投入巨资。
The supply squeeze extends beyond Apple’s newest phone. Khan said that while strong demand constrained supplies of iPhones, Macs, and iPads during the September quarter, the biggest bottleneck was access to the advanced chipmaking technology used to produce Apple’s processors. “For the December quarter, we expect constraints on Mac and iPad, primarily driven by memory, as demand has been higher than what we expected,” Khan said. Apple is competing for memory with tech giants who are pouring money into AI data centers.
《商业内幕》此前报道，三星、SK 海力士和美光同时为消费电子和 AI 基础设施供应芯片，随着制造商将产能转向蓬勃发展的 AI 市场，设备制造商面临更紧张的供应和更高的成本。成本压力已开始影响苹果。
Business Insider previously reported that Samsung, SK Hynix, and Micron supply chips for both consumer gadgets and AI infrastructure, and as manufacturers shift production toward the booming AI market, device makers face tighter supplies and higher costs. The costs are already weighing on Apple.
首席财务官凯文·帕雷克在财报电话会上表示，若不计入关税退税，公司整体毛利率和产品毛利率环比各自将下降约一个百分点，主要原因是内存成本上升。短缺伴随了一个表现强劲的季度。苹果报告营收1145亿美元，超出华尔街预期，iPhone销售额达到575.8亿美元。
CFO Kevan Parekh said during the earnings call that, excluding tariff refunds, company and product gross margins would each have fallen about one percentage point sequentially, primarily because of higher memory costs. The shortages accompanied an otherwise strong quarter. Apple reported $114.5 billion in revenue, beating Wall Street’s estimates, with iPhone sales reaching $57.58 billion.