Apple may cut iPhone 13 production by millions
Apple may slash the number of iPhone 13s it will make this year by up to 10m because of a shortage of computer chips amid a worldwide supply chain crunch that led the White House to warn that “there will be things that people can’t get” at Christmas, the Guardian reports.
Apple was expected to produce 90m units of the new iPhone models this year but has told its manufacturers that the number would be lower because chip suppliers including Broadcom and Texas Instruments were struggling to deliver components, Bloomberg reported on Tuesday.
Shares in Apple fell 1.2% in after-hours trading on Tuesday, reflecting broader falls in the US stock market and in Asia especially because of fears that the lingering impact of Covid and supply chain problems will spark rampant inflation and hamper growth.