Foxconn, a major supplier of iPhones for Apple, has recently shared its views on the ongoing chip shortage. The company believes that the semiconductor shortages might be stretched well into the second half of next year.
According to a WallStreetJournal report (Via MacRumors), the Cupertino based giant has been facing the impacts of the chip shortage for several quarters now. But in the latest quarter, the supply constraints on components have started affecting the brand’s business. For those unaware, the world is currently facing an going semiconductor shortage that has impacted various industries, including the likes of automobiles, home appliances, smartphones, and many more.
This, in turn, has even lead to lead times (time between an order being placed and actual delivery) rising for all of Apple’s products. This includes iPhone, iPad, Apple Watch, and even Macs. According to the company, the shortages have cost it 6 billion US Dollars, which would escalate even further with the arriving holiday season. While Foxconn’s production for iPhone have recently been improving, the delivery times are still much higher than normal.
With the holiday season being just around the corner, the iPhone maker is encouraging prospective buyers to ensure they receive it in time for the holidays. The issue with supply has even caused the company to provide “order by” dates for some of its most popular products as well.
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