Chips shortage hitting Apple's iPhone 13 pre-holiday output: report

Key Facts

October 13, 2021 / 6:31 AM / CBS/AFP Apple is unlikely to meet production goals for its new iPhone before the holidays because of the global electronic chip shortage, a report said Tuesday.
Apple had planned to produce 90 million iPhone 13s before the end of the year but will likely have to settle for 80 million since suppliers Broadcom and Texas Instruments can't meet demand, Bloomberg News said, citing sources familiar with the matter who asked to remain anonymous.
Bloomberg says Apple is one of the biggest chip buyers worldwide and sets the pace each year for the electronics supply chain.
Still, Bloomberg points out, Apple is coping with the same supply chain issues that have hampered various industries.