Apple Inc is anticipated to chop down manufacturing of the iPhone 13 sequence by as many as 10 million items because of the international chip scarcity, Bloomberg Information reported on Tuesday, citing individuals aware of the matter.
Shares of Apple, which had projected to supply 90 million items of the brand new iPhone fashions by the top of this yr, fell 1 per cent to $140.08 in after-hours buying and selling.
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The corporate instructed its producers that the variety of items could be decrease as a result of the tech large’s chip suppliers together with Broadcom Inc and Texas Devices are struggling to ship parts, the Bloomberg report mentioned.
Apple, Broadcom and Texas Devices didn’t instantly reply to Reuters’ requests for remark.
The worldwide chip scarcity, together with scarcity of parts and uncooked supplies like substrates, has surmounted immense strain on industries from cars to electronics, main many automakers to even briefly droop manufacturing.