Apple shares dip over expected production problems linked to global chip shortage

In the US, the value of Apple shares has decreased following a report that the US computer technology giant could fail to produce as many iPhone 13 smartphones as planned amid a global shortage of computer chip, British public broadcaster BBC reports.
The American company had expected to make 90 million iPhones in the last quarter of 2021, and yet, as reported by business media organisation Bloomberg, Apple was now having to tell its partners that the total will be lower by as many as 10 million units.
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On Tuesday, October 12, in the New York Stock Exchange, Apple shares fell 1.2% in after-hours trading on the news. Semiconductor manufacturers Broadcom and Texas Instruments were also down 1%, as unnamed sources told that the US technology companies were struggling to provide enough computer chips to Apple in time.
Last month, Apple presented four new iPhone 13 models: iPhone 13, iPhone 13 mini, iPhone 13 Pro and iPhone 13 Pro Max. The US firm begun shipping them on September 24, BBC reports.