Apple concedes it is constrained by TSMC's supply of advanced chips; storage and memory are also in short supply — firm isn't projecting supply conditions beyond the second quarter

Apple acknowledges constraints in its supply chain due to TSMC's limited production of advanced chips, impacting its performance in the second quarter of fiscal 2026. The company anticipates revenue growth of 13%-16% year-over-year for the upcoming quarter, primarily driven by constrained iPhone supply. TSMC's N3 supply faces challenges meeting demand, particularly with Nvidia's mass production of next-gen GPUs requiring significant capacity. Apple also highlights concerns about memory and storage supply, noting the structural differences in securing logic chips versus commodity memory.