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As Apple announced record profits, chief executive Tim Cook confirmed that even supplies of older, cheaper models of the iPhone were not enough to satisfy demand, and that sales of iMacs fell primarily because the company could not make the new design fast enough. He added. that iPad Mini demand, too, continued to outstrip supply as consumers flocked to the device that Apple's Steve Jobs had said the company should never make. While Apple announced record profits, chief executive Tim. Cook has confirmed that even the parts that are cheaper than the old version of the iPhone is not sufficient to meet the demand and sales of the iMac dropped because the company can not make new designs quickly enough. He added that demand for the iPad Mini has and continues to outstrip supply, as a consumer device, Apple's Steve Jobs has said the company should not do.
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