Apple reportedly telling suppliers demand for iPhone has slowed down ahead of holiday season

Apple has told its component suppliers that the demand for the iPhone 13 line up has slowed down, reports Bloomberg. It’s a known fact that Apple has drastically cut down the production of iPhone 13 up to 10 million units, down from 90 million due to a global supply crunch.

The company is now informing its vendors that those orders may not materialise, says the report. Despite these issues, analysts say the company is on track for the holiday season, projecting a sales increase of 6% to $117.9 billion in the last three months of 2021.

Apple’s shares fell as much as 4.2% in trading in New York on Thursday, while suppliers across Asia and Europe extended their declines after Bloomberg’s report.

In other news, Apple is reportedly working on a wireless charger similar to the already shelved AirPower. According to the report, the Cupertino tech giant is working on a multi-device charger accessory that would charge devices like iPhone, AirPods, Apple Watch simultaneously.

Also, Apple has begun research and development into their own modem chips for future iPhones. A new report says that Taiwan Semiconductor Manufacturing Co. (TSMC) will make 5G modems for iPhones from 2023.

The report says that Apple is using TSMC’s 5nm chip production to design and test-produce the 5G modem, but it will use 4nm technology for mass production.