Apple (AAPL) Tells Suppliers iPhone Demand Slowing as Holidays Near - Bloomberg

December 2, 2021 6:07 AM EST

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Apple (NASDAQ: AAPL) told its component suppliers that demand for the iPhone 13 lineup has weakened, according to Bloomberg, citing people familiar with the matter.

Previously Apple had to cut its iPhone production because of lack of parts, but the hope was to make up that shortfall next year when supply is expected to improve. Now the company is informing its vendors that those orders may not materialize.

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