The sales of the iPhone 13 series started earlier this month.
Apple launched the iPhone 13 back in September. Analysts warn that Apple customers will have to wait longer to get their hands on the new iPhone 13.
- Reuters
- Last Update:13 October 2021 09:28 AM IS
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Apple likely to cut production iphone 13 Global chip shortages up to 10 million units, Bloomberg News reported on Tuesday, citing people familiar with the matter. The company was expected to produce 90 million units of the new iPhone Models by the end of this year according to Bloomberg and reports that Apple told its manufacturers the number of units would be reduced as the tech giant’s chip suppliers, including Broadcom and Texas Instruments, struggle to deliver components.
shares of Apple After-hours trading declined 1.2 percent, while Texas Instruments and Broadcom both lost about 1 percent. Apple declined to comment. Broadcom and Texas Instruments did not immediately respond to Reuters requests for comment. In July, Apple projected slowing revenue growth and said chip shortages, which had begun to take away its ability to sell Macs and ipad, will start affecting iPhone production. Texas Instruments also delivered a softer revenue outlook in the month, hinting at chip supply concerns for the rest of the year.
Chip shortages, including raw materials such as components and substrates, have put immense pressure on industries ranging from automobiles to electronics, forcing many automakers to temporarily suspend production. Analysts have warned that Apple customers will have to wait longer to get their hands on the new iPhone 13, one of the longest wait times for the phone in recent years due to supply chain constraints and strong demand. is one.
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