Chip shortage hits Apple at the worst possible time ahead of the holidays, and Meta and Apple are set to be smartwatch and mixed reality headset rivals in 2022 (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg:
Chip shortage hits Apple at the worst possible time ahead of the holidays, and Meta and Apple are set to be smartwatch and mixed reality headset rivals in 2022  —  Apple had seemingly avoided the chip shortage for months, but the company's fortunes have now changed.