Apple cuts iPad production to feed chips to iPhone 13: Nikkei
Tim Cook, Apple’s chief executive, introduces the iPhone 11 in Cupertino, Calif., on Sept. 10, 2019. Apple is the first US company to reach $2 trillion in value, capping a staggering ascent that began in the coronavirus pandemic. Jim Wilson/The New York Times
Apple Inc has cut back production of iPad tablets to allocate more components to the iPhone 13, a sign the global chip supply crunch is hitting Apple harder than previously indicated, Nikkei said on Tuesday, citing multiple sources.
Production of the iPad was down half from Apple’s original plans for the past two months, the newspaper said on its website, adding that parts intended for older iPhones were also being switched to the iPhone 13.
Even though iPhone 13 production hit a snag due to factory closures in Asia and high demand in the second half of the year, Apple has weathered the supply crunch better than many other companies due to its massive purchasing power and long-term supply agreements with chip vendors, eating into its rivals’ market share in the third quarter.
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