Apple Can't Meet iPhone Demand Amid Record Profits

Apple Can't Meet iPhone Demand Amid Record Profits.

Global recession? Not for Apple, whose Wall St. financials are blissfully unaware of Main St. reality. Apple's sadness? They can't keep up with demand.

First the supply side: If you want to purchase an iPhone 3GS right now, especially a white one, be sure to check Apple'siPhone availability toolbefore heading to the mall. Some models--color and memory combinations--are locally scarce, though the situation can change hourly.

Speaking on a Tuesday conference call for financial analysts, Apple execs said they are working on solving supply issues and still plan to introduce the 3GS in China later this year.

Some MacBook models are also supply-constrained, the company said. That is expected to resolve itself over the next few weeks.

But, don't cry for Apple over missed sales. The company also announced its best non-holiday quarter ever, reporting a profit of $1.23 billion on revenue of $8.34 billion during its third quarter.

Now, the demand side: "We're making our most innovative products ever and our customers are responding," said Apple CEO Steve Jobs, in a statement. "We're thrilled to have sold over 5.2 million iPhones during the quarter and users have downloaded more than 1.5 billion applications from our App Store in its first year."