Apple is unlikely to meet production goals for its new iPhone before the holidays because of a global electronic chip shortage, a report said Tuesday.
The firm had planned to produce 90 million iPhone 13s before the end of the year, but will have to settle with 80 million as suppliers Broadcom and Texas Instruments cannot meet demand, the Bloomberg News said, citing sources familiar with the matter who asked to remain anonymous.
Apple presented a new line of iPhones last month, with four new models, including the iPhone 13 Mini, which sells from $700, and the iPhone 13 Pro Max, which costs $1,100.
“We estimate that overall demand has been robust globally,” Wedbush analyst Dan Ives said, highlighting strong demand in China and the United States especially.
“Apple will be running into a 5 million-plus iPhone 13 unit shortage for the holiday season if consumer demand keeps up at this pace,” he added.
Chief executive Tim Cook warned during quarterly earnings reports in late July that supply chain constraints would have an even bigger impact on the current quarter than it had in the previous three months.
He pointed out that electronic chip shortages were affecting all parts of the industry, not just Apple, and stemmed from significantly higher-than-expected demand.
Ready for iPhone 13? Apple to host its next hardware event September 14
© 2021 AFP
Citation:
Apple cuts iPhone 13 output forecast on chip shortage: report (2021, October 13)
retrieved 13 October 2021
from https://techxplore.com/news/2021-10-apple-iphone-output-chip-shortage.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
