Apple bows to supply crunch in sign of worsening global crisis      

Tech giant has joined a growing list of household names from Toyota to Samsung forced to cut back on business because of a global shortage of semiconductors

Apple is now likely to slash its projected iPhone 13 production targets for 2021 by as many as 10m units. 

Apple, the world’s most valuable company, has finally joined a growing list of household names from Toyota to Samsung forced to cut back on business because of a global shortage of semiconductors.

Apple is now likely to slash its projected iPhone 13 production targets for 2021 by as many as 10m units.