Apple Is Raising IPhone 11 Output by Up to 10%, Nikkei Says

(Bloomberg) — Apple Inc. has told suppliers to increase production of its latest iPhone 11 range by as much as 10% to meet stronger-than-expected sales of the new handsets, the Nikkei Asian Review reported, affirming resilient demand for the company’s most important gadget.The boost would add 7 million to 8 million units to what the Cupertino, Calif.-based company had initially planned on, the Nikkei cited anonymous sources as saying. Shares in Apple suppliers from Murata Manufacturing Co. and Alps Alpine Co. in Tokyo to AAC Technologies Holdings Inc. in Hong Kong climbed after the report. An Apple spokesperson in Japan …read more

Source:: Yahoo Finance

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