Apple stockpiles inventory as it braces for ‘significant supply constraints’

Apple is worried enough about supply shortages that it reported about $11.1 billion in inventory, which is almost double the $5.7 billion it reported last September.

Shares of Apple plunged on a warning of slower sales in the coming months.

During today’s earnings call discussing its Q3 2026 results, Apple said it is bracing for a tougher September quarter, with growing supply pressures affecting its most important products. Here are the details.