Apple Inc. (AAPL) CEO Tim cook downplayed fears of demand shortages for Apple's new iPhone 8, saying that the device, as well as the Series 3 Apple Watch, was sold out in "many locations."
"We're working really hard to meet demand. We've sold out of iPhone 8 and 8 Plus in some stores, but we've got good supply there. You can see what's going on here this morning - I couldn't be happier," Cook told CNBC.
Reported glitches that hinder the Watch's connectivity to the cellular network has raised fears that demand would falter as a result.
"The issue is very minor, it will be fixed in a software update," Cook said. "It has to do with the handoff between Wi-Fi and cellular, and we'll fix that. It only happens in a rare number of cases. I've been using it for quite a while and it works great. So we're very happy about it."
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Editors' pick: Originally published Sept. 22.