Apple Inc. (NASDAQ: AAPL) shares are trading lower following a Bloomberg report indicating the company has informed its component suppliers that demand for the iPhone 13 lineup has weakened ahead of the holidays. According to the Bloomberg report, Apple had cut its iPhone 13 production goal for this year by as many as 10 million units, down from a target of 90 million, because of a lack of parts.
Why Apple Shares Are Falling