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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By maria gbaf

    Posted on December 8, 2021

    Featured image for article about Top Stories

    (Reuters) – Production of Apple Inc’s flagship iPhone 13 smartphones fell 20% short of previous plans in September and October, Nikkei reported on Wednesday, citing sources familiar with the matter.

    The holiday-quarter is one of the busiest for the company as many consumers seek to buy its products as gifts, weeks ahead of Christmas.

    However, after launching the iPhone 13 range and new iPads in September, a major threat looms over Apple as it scrambles to keep up with the global chip shortage and supply chain disruptions.

    Chief Executive Tim Cook had told Reuters in October that the impact of supply chain challenges would be worse during the holiday sales quarter than it was in the previous quarter.

    In October, for the first time in more than a decade, iPhone and iPad assembly was halted for several days due to supply chain constraints and restrictions on the use of power in China, Nikkei reported.

    Through September and October, the reallocation of the shared components squeezed iPad assembly even more, leading to about 50% less production volume than planned, while the production forecast for older generations of iPhones also dropped around 25%, Nikkei added.

    Additionally, Apple had told its parts suppliers demand for the iPhone 13 lineup has slowed, Bloomberg News reported last week.

    (Reporting by Akash Sriram in Bengaluru; Editing by Shailesh Kuber)

    (Reuters) – Production of Apple Inc’s flagship iPhone 13 smartphones fell 20% short of previous plans in September and October, Nikkei reported on Wednesday, citing sources familiar with the matter.

    The holiday-quarter is one of the busiest for the company as many consumers seek to buy its products as gifts, weeks ahead of Christmas.

    However, after launching the iPhone 13 range and new iPads in September, a major threat looms over Apple as it scrambles to keep up with the global chip shortage and supply chain disruptions.

    Chief Executive Tim Cook had told Reuters in October that the impact of supply chain challenges would be worse during the holiday sales quarter than it was in the previous quarter.

    In October, for the first time in more than a decade, iPhone and iPad assembly was halted for several days due to supply chain constraints and restrictions on the use of power in China, Nikkei reported.

    Through September and October, the reallocation of the shared components squeezed iPad assembly even more, leading to about 50% less production volume than planned, while the production forecast for older generations of iPhones also dropped around 25%, Nikkei added.

    Additionally, Apple had told its parts suppliers demand for the iPhone 13 lineup has slowed, Bloomberg News reported last week.

    (Reporting by Akash Sriram in Bengaluru; Editing by Shailesh Kuber)

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