Apple shares are down 1.5% in late trading Tuesday, pressured by a Bloomberg report that says the company is “likely” to reduce its iPhone 13 production target by up to 10 million units due to ongoing component shortages.
The article asserts that Apple (ticker: AAPL) had expected to produce 90 million new iPhones in the December quarter, but that the company is telling manufacturing partners that the total is now likely to be lower, due to a shortage of components from both Broadcom (AVGO) and Texas Instruments (TXN).
…
