HomeTrading NewsAMC shares sink 15% — Here’s why the stock tanked on Wednesday

AMC shares sink 15% — Here’s why the stock tanked on Wednesday

Reuters

Apple tells suppliers demand for iPhone 13 lineup has weakened – Bloomberg News

The company had earlier cut production of iPhone 13 by as many as 10 million units due to a global chip shortage, but now it has informed vendors that those orders may not materialize, the report said. Apple and some of its suppliers 3M Co, Broadcom Inc and Advanced Micro Devices Inc did not immediately respond to requests for comments from Reuters. A global chip crunch, initially due to high demand for smartphones and personal gadgets during the coronavirus pandemic, has affected the auto industry and disrupted production at companies ranging from Apple to GM.

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