Apple to Increase IPhone 11 Output by Up to 10%, Nikkei Reports

(Bloomberg) — Apple Inc. has told suppliers to increase production of the latest iPhone 11 product line by as much as 10% to meet stronger-than-expected demand for the new handsets, the Nikkei Asian Review reported.The boost would add 7 million to 8 million units to the Cupertino, Calif.-based company’s smartphone production, the publication reported. The increase may validate Chief Executive Officer Tim Cook’s strategy of offering budget-conscious consumers less expensive models amid signs of a weakening economy, it said.Major improvements to the iPhone’s camera, including the addition of a new ultrawide camera for better architectural and tourist photos, alongside better …read more

Source:: Yahoo Finance

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