Nintendo, which launched an updated Switch OLED console last month, is also feeling the impact of the shortage and is cutting Switch production targets by 20%, per Bloomberg. The company’s revenue is up 29%, but the shortage has cost it $6 billion and its “most valuable company” spot, which went to next-in-line rival Microsoft.Apple’s 5G iPhone rollout was hampered by a lack of Qualcomm components.Despite this, the company has had to cut iPhone 13 production by 10 million units and has been struggling to ship Apple Watch Series 7 and MacBook Pros in a timely manner. Apple weathered the supply chain crunch better than other companies mostly because of preferred relationships with suppliers, as well as chip stockpiles. Apple has reportedly cut iPad production in half for the past two months and is repurposing older iPhone parts for use in the iPhone 13 to overcome the component shortage, per Reuters.
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