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Report: Apple cuts iPhone 13 production by 10 million units, due to ongoing chip shortages

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<p>Bloomberg is reporting (https://www.bloomberg.com/news/articles/2021-10-12/apple-aapl-to-cut-iphone-production-targets-due-to-chip-shortage) that Apple has significantly cut its production schedule for the iPhone 13 series. Due to ongoing chip shortages, the supply chain is supposedly unable to deliver its original targets for iPhone 13 shipments. </p>
<p>The report says Apple is now expecting to make as much as 10 million fewer phones in 2021, than originally planned. Apple shares dropped 1% in aftermarket trading on the news. </p>
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