Apple stock slips on report chip shortage may impede iPhone production

Apple Inc. AAPL, -0.91% shares declined successful the extended league Tuesday pursuing a study that the tech elephantine is expected to chopped iPhone accumulation due to the fact that of the ongoing planetary spot shortage. Apple shares declined 1% aft hours, pursuing a 0.9% diminution to adjacent the regular league astatine $141.51. On Tuesday, Bloomberg News reported that Apple volition apt chopped iPhone 13 accumulation by up to 10 cardinal phones successful 2021, pursuing the company’s forecast of making 90 cardinal earlier successful the year. Broadcom Inc. AVGO, -1.43% and Texas Instruments Inc. TXN, -2.53% are having occupation delivering capable components to Apple, an unidentified root told Bloomberg. Broadcom shares declined 0.8% aft hours, and Texas Instruments shares were down 1.3%.