Author: Debby Wu

Widespread Chinese lockdowns have begun to exact a toll on global supply chains. Even Apple has been unable to avoid the ructions.

The biggest assembler of iPhones said component shortages that have plagued electronics production for more than a year are showing signs of easing.

Apple is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product.