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Component shortage forces Apple to cut back on iPhone 13

Bloomberg is pushing news that Apple is being affected by the current global component shortage, forcing the company to revise production estimates for the iPhone 13 series.

Component shortage forces Apple to cut back on iPhone 13

Component shortage forces Apple to cut back on iPhone 13

The publication adds that Apple now expects to produce 10 million fewer units of the iPhone 13 series in 2021 than originally anticipated. Remember that Apple expected to produce 90 million units of the iPhone 13 series, a forecast that now stands at 80 million.

The situation doesn’t come as a complete surprise to Apple, with CEO Tim Cook already warning investors that iPhone 13 sales could be affected by component shortages.

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Apple is one of the world’s largest chip buyers and sets the annual rhythm for the electronics supply chain. But even with strong buying power, Apple is grappling with the same supply disruptions that have wreaked havoc on industries around the world.

Major chipmakers have warned that demand will continue to outpace supply throughout next year and potentially beyond.

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