Apple, at all-time highs, raises iPhone production by 20% this year
Apple dismissed the trading session on Tuesday with a new all-time high in the stock market, at $145.48 and a capitalization that already exceeds $2.43 trillion. The Cupertino, California-based giant has decided to significantly increase iPhone production this year, anticipating a strong increase in demand.
As ‘Bloomberg News’ advanced last night, the company led by Tim Cook has asked its suppliers to manufacture up to 90 million units of its most emblematic product throughout this year, that is, 20% more than the approximately 75 million units that it has been producing in recent years.
The company plans to present its new iPhone model next September and its managers are confident that 5G and the commercial environment after mass vaccination of the population will boost sales of their smartphone.
According to company sources cited by the US chain, the technology company is also trying to capitalize on the sanctions imposed by the United States on the Chinese smartphone manufacturer Huawei Technologies, which have affected its global sales, as well as the shortage of the supply chain that It is affecting the company based in the Chinese province of Shenzhen.
So far this year, Apple shares have shot up 9.76% and have advanced more than 50% in the last twelve months. The company signed a new record quarter with its latest results. The giant raised its revenues by 54% to 89.6 billion compared to last year and obtained a net profit of 23.6 billion, more than double the 11.249 million collected at the end of March 2020. Once again, iPhones were the product star, accounting for more than half of the firm’s revenue.