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Apple Inc. (NASDAQ: AAPL), Ford Motor Company (NYSE: F) – Apple iPad, MacBook Delayed Due to Chip Lack: Report

1 week ago
in Apple, Markets, Stock
0

Apple Inc. (NASDAQ: AAPL) MacBook and iPad devices are facing production delays due to an ongoing global shortage of semiconductor chips, affecting the electronics and automotive sectors, Nikkei Asia reported on Thursday.

What happened: The report, citing sources, said that a global component shortage resulted in delays at a key stage before final assembly in MacBook production, while a shortage of displays and display components led to the assembly of some iPads.

The delay forced Apple to postpone some orders for MacBook and iPad components until the second half of the year from the first half, the report said.

Continuing chip shortages hit automakers hard from Detroit to Tokyo, including Tesla Inc. (NASDAQ: TSLA) and Ford Motor Company (NYSE: F) – which were forced to produce their most profitable products in the first place. The scarcity, which appears to be widening, has disrupted global supply chains and is expected to further affect smaller tech players.

See also: Shortage of supplies forces automakers to stop production in the US

Why is it important: Apple is known to have managed its complex supply chain efficiently despite the scale of its operations. So far, it has remained isolated from ongoing shortages that have disrupted production plans for global automakers. Apple customers have not yet complained of any delays.

According to a Nikkei Asia report, production plans for Apple’s flagship iPhones have not yet been affected by supply shortages, but supplies of some components remain limited.

Price action: Apple shares closed 1.34% higher at $ 127.90 on Wednesday.

Read more: Peter Thiel: Apple, Google and Bitcoin are acting against US interests and in favor of China.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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