Apple likely to cut production of iPhone 13 due to chip crunch

Apple might slash production of iPhone 13, due to global chip shortage. The company is likely to slash the production of 10 million units, as per a news report.

HIGHLIGHTS

• Apple shares fall up to 1.2% after trading hours
• Shortage of chips has put pressure on manufacturers

By the end of this year, the company was expected to produce 90 million units of the iPhone 13. The ....