On Tuesday, 12th October 2021, according to the reports, the company Apple is likely going to have to cut the company’s 2021 production targets for the iPhone 13 by as much as 10 million unites because of the ongoing chip shortage. The company has originally planned for producing 90 million unites of the company’s latest smartphone in the fourth quarter of 2021, but the company has told the manufacturing partner that, it is now aiming to lesser goal because the partners of the company including Texas Instrument and Broadcom might not be able to deliver enough components for the total number.
The shortage in the semi-conductor chips has also impacted the supply chains around the globe along with affecting the technology industry, automobile and several other technology-enabled products, and it has also been expected to cost the companies hundreds of billions of dollars in the year 2021.
The shares of the company ‘Apple’ has also been decreased by 1.2 percent on Tuesday, that has been reflecting the broader decrease in the US stock market and in the region of Asia specifically because of the fears of the impact of the novel corona virus along with the problems related to the supply chains that have been hampering the growth.
According to the reports, Apple has decline to make any comment on the news, and its production partners Texas Instrument and Broadcom does not respond immediately to the requests for making any comment.