Apple likely to be affected by global shortage of electronic components as supplier Foxconn reels under impact

Apple components: There is a global shortage for electronic components that the tech industry is facing currently. Now, Foxconn, which handles the manufacturing of several major tech companies including Apple, has said that it has also started to experience the impact of this shortage. Foxconn CEO Young Liu said that the shortages would render the Taiwanese company unable to fulfil some of the orders it has received. Liu also believes that these shortages would continue to prevail at least till next year’s second quarter.

The development was apparently shared by Liu with investors during the latest earnings call of the company, during which he said that the supply during this quarter’s first two months had been fine because its customers are all very big, but the company has begun to witness the changes during this past month.