You're reading: BBC: Apple shares drop on reports of iPhone 13 chip shortage

BBC: Apple shares drop on reports of iPhone 13 chip shortage

By BBC.

Published Oct. 13, 2021 at 5:29 am

A woman passes by an Apple store at the State Department Store, GUM, in central Moscow on April 27, 2021.

Apple’s shares dropped on Tuesday following reports it could slash its iPhone 13 production targets due to the ongoing global computer chip shortage. The electronic giant had expected to make 90 million iPhones in the last quarter of 2021, reported Bloomberg.