We're dedicated to making the very best products in the world and we think about the smallest of details and we're unwilling to cut corners in delivering the best customer experience in the world. It's this relentless commitment to innovation and excellence [that] is the reason that our customers choose to buy our products, and this will always be the driving force behind Apple. We're managing the company for the long run and we'll continue to make great long-term decisions. We remain very, very confident in our strategy and will use our world-class skills in hardware, software, and services.

The demand for iPhone is extremely robust. We're thrilled with what we see. We are in a significant state of backlog right now. In terms of the production, our output has improved significantly since earlier this month, and I'm very very pleased with the progress that we've made there. I'm pleased with the current level of output in what is the largest volume ramp in Apple's history.

It's difficult to predict when supply and demand will balance, but I'm feeling very confident on our ability to supply quite a few iPhones.