--Apple Inc. could cut iPhone 13 production targets for the year by as many as 10 million units due to chip shortages, Bloomberg News reported, citing anonymous sources.

--The company, Bloomberg reported, is telling manufacturing partners that some of its suppliers struggled to deliver enough components.

Full story: https://www.bloomberg.com/news/articles/2021-10-12/apple-aapl-to-cut-iphone-production-targets-due-to-chip-shortage?sref=cvDKYV7o

(END) Dow Jones Newswires

October 12, 2021 16:37 ET (20:37 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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