Apple is likely to lower its production targets for the iPhone 13 for 2021 by up to ten million units due to the global chip crisis. This is reported by people familiar with the matter.
The company had planned to produce 90 million units of the new iPhone model in the last quarter of the year. But now it is telling its production partners that the number will be lower because Broadcom and Texas Instruments (TI) are having difficulties supplying enough components, said the people who did not want to be named.
Apple sources display parts from Texas Instruments and wireless components from Broadcom. A TI chip that controls the display power supply on the latest iPhones has also become scarce. Apple is also facing a shortage of components from other suppliers.
Apple and TI officials declined to comment. Broadcom did not respond to a request for comment.
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The shares of the technology giant from Cupertino, California slipped up to 1.6 percent in late trading to $ 139.27 after Bloomberg reported the problems. Broadcom and TI also fell in after-hours trading.
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