Apple is struggling with the lack of components and it seems that it will slow down the production of the new iPhone 13, due to the lack of chips.
Apple officially released the iPhone 13 last month, but as warned by Tim Cook, the company is struggling with component shortages caused by the global chip crisis. In other words, some of Apple's suppliers can't produce enough components because they don't have the chips for them, so Apple in turn has no choice but to reduce production of the iPhone 13.
Could this affect the global inventory of the iPhone 13 and increase delivery times? It's rather unlikely, especially since the device is already available for same-day delivery in several markets, but on the other hand, it could be problem for Apple in the short term as the company may not meet its production target for this year.
A report from Bloomberg reveals that Broadcom and Texas Instruments, which are two of its biggest suppliers are unable to meet Apple's orders due to the chip shortage, and as a result the iPhone maker has reduced production requirements for other suppliers to bring the whole chain into line.
Therefore, Apple is going to make about 10 million fewer phones in 2021 alone, although the company is expected to accelerate production early next year, when everyone expects the chip shortage to show more substantial signs of recovery.
The lack of chips has caused the headache in most industries, including the car market, where companies had no choice but to temporarily shut down production in many factories. Others, such as General Motors, kept production in some factories intact, but the vehicles they built were not equipped with some critical systems, with these cars eventually being transported to parking lots, waiting for the chips to arrive.
Experts believe the shortage will be resolved, in part, by the end of the year and could disappear completely at some point next year.