IBM still unable to meet Apple’s demand for G5 processors

Despite hugely successful Q4 earnings, Apple might take a big hit this holiday season if IBM doesn't come through with the G5 chips Apple needs to get the new iMac G5 into the public's hot little hands.

MacNewsWorld reports "While it's difficult to quantify the impact of the processor shortage, it is clear that Apple is taking a hit on G5 system sales."

Apple CFO Peter Oppenheimer was quoted during the conference call as saying "We believe IBM has placed enormous resources to resolve this situation."

The continued lack of chips could hit Apple hard in the wallet. While they will still enjoy strong iPod sales through Christmas, not having iMacs in stock is potentially devestating. IBM had previously implied they would be meet demand back in August. Two months later, they are still falling short and not even close to meeting their commitments.