Apple climbs on report iPhone 11 production could increase by 8 million units (AAPL)
Shares of Apple traded as much as 2.3% higher on Friday morning on a report the company is planning to increase iPhone 11 production.
The Nikkei Asian Review reported that Apple told suppliers to increase production by up to 10%, or 8 million units, amid better-than-expected demand for the iPhone 11.
According to Wedbush analyst Daniel Ives, the Chinese market could be one of the main drivers of the increased demand.
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