Oct 07, 2019
The US-based multinational tech Goliath, iPhone maker Apple Inc., headquartered in Cupertino, CA, had asked its suppliers to heighten production of its recently released iPhone 11 models by 10 per cent or 8 million units, a Nikkei Asian report published earlier on Friday, the 4th of October 2019, had revealed, suggesting a soaring demand of its latest version of flagship iPhone.
In point of fact, Friday’s (October 4th) Nikkei Asian Review report comes forth on the heels of a number of media reports released earlier this week that Apple Inc.’s recently launched iPhone 11 demand had been witnessing a radical pick up in sales, as the Cupertino-based iPhone maker had been centring its focus more on to developing a relatively budget-friendly production line of its iPhone amid fierce competition from low-cost, high-end smartphone manufacturers across the globe.
Aside from that, an exemption of China tariff for some of Apple Inc. suppliers had led to an upsurge of iPhone 11 sales in the world’s largest smartphone market, China. Meanwhile, citing an inside source who wished to remain unidentified, the Friday’s (October 4th) Nikkei report had been quoted saying “Previously, Apple was quite conservative about placing orders.
After the increase, prepared production volume for the iPhone 11 series will be higher compared to last year,” while addressing that iPhone 11’s demand trajectory had undermined Sino-US trade concerns amid a tit-for-tat tariff battle entering into its sixteenth month, Wedbush analysts wrote in a client note, “Despite all the perceived black clouds from being the poster child of the current U.S.-China trade tensions, Apple is seeing a very strong iPhone 11 demand trajectory and defying many sceptics that have been yelling fire in a crowded theatre over the past few months.
” Besides, following the release of the Nikkei report earlier on Friday (October 4th), one of the big-four tech conglomerates, Apple Inc. shares soared 2.80 per cent to $227.01 in extended trading.
Source: Financial World