Apple slashes iPhone production by 10 million units, damn chip shortage

Hardware production’s most notorious enemy, chip shortage, has struck again. This time Apple has suffered from it, and as a result, it’s set to cut this year’s production targets for the iPhone. According to a report from Bloomberg, the company is set to slash the target by a whopping 10 million — readjusting the initial target from 90 million units down to 80 million. Apple’s chip suppliers like Texas Instruments and Broadcomm haven’t been able to produce and supply enough units. So that has affected iPhone manufacturing as these companies supply parts for display and network components. Bloomberg’s report noted that the gap…

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