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Apple likely to cut iPhone 13 production due to chip crunch - Bloomberg News

Apple likely to cut iPhone 13 production due to chip crunch - Bloomberg News

13 Sept 08:40 Key points summarised by AI
  • Apple plans to slash iPhone 13 production by up to 10 million units, down from an anticipated 90 million, due to the persistent global chip shortage.
  • The production cut stems from component delivery struggles faced by key chip suppliers such as Broadcom Inc and Texas Instruments.
  • Following the news, Apple's shares experienced a slight decline, alongside those of the affected chip suppliers.
  • Despite the reported cuts, some analysts suggest iPhone 13 sales remain strong, viewing the adjustment as a potential part of Apple's standard post-launch order refinement.
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