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What you need to know:
The Global Chip Crisis
Technology

Apple Finally Falls Victim to Never-Ending Supply Chain Crisis

  • Biden set to focus on transportation bottlenecks on Wednesday
  • Manufacturers impacted by a lack of key materials, logistics
Apple Poised to Slash IPhone Production Goal

Apple Inc., the world’s most valuable company, has finally joined a growing list of household names from Toyota to Samsung forced to cut back on business because of a global shortage of semiconductors.

Apple is now likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units, Bloomberg News reported Tuesday.