“Apple is stepping up production plans for its next iPhone, even compared with the record-busting launch of the iPhone 6,” Dan Gallagher reports for The Wall Street Journal. “The company has reportedly told its manufacturing partners to prepare for an initial production run in the range of 85 million to 90 million units of the new iPhone models by Dec. 31. Last year’s initial production plan for the iPhone 6 called for between 70 million to 80 million units.”
“Much can change with Apple’s production plans in the next two months,” Gallagher reports. “But if Apple’s more-upbeat view holds, it’s an indication the company sees more potential growth drivers for its smartphone.”
“China is a likely factor; iPhone sales in that market surged more than 70% year over year during the March quarter,” Gallagher reports. “A survey of Chinese customers by CLSA found 60% of iPhone owners are currently using iPhone 5S or older, indicating a large potential base for upgrades to the next model.”
Read more in the full article here.
MacDailyNews Take: Confidence.
SEE ALSO:
Apple plans to build record number of next-gen iPhone 6s/Plus – July 8, 2015
China is in trouble. We’ll see how that works out for the next quarter. The third-quarter report coming in a couple of weeks should be OK. But July, August and September may be a big surprise? We’ll just have to wait until October to see how that works out. But I wouldn’t hold my breath and I wouldn’t hold AAPL either. There are no guarantees in life. There are certainly no guarantees in the stock market.
If you are the kind of person who needs guarantees I suggest you no invest in Apple, stuff your money under a mattress, and watch inflation piss it away. Guaranteed.
Apple’s fundamentals are still stellar. Their competitive position and customer loyalty are stellar. The are the technology leader in multiple segments of an industry that is likely to grow for many years, i.e. personal/mobile computing devices.
But you want guarantees? Dude you better mattress your money.
Wow dude!
The intro sentence says it all “What does Apple know that Wall Street doesn’t?”
It would be of course much easier to ask “What does Wall Street know that Apple doesn’t?” as it would be a much shorter list.