“Taiwan’s Apple supply chain manufacturers soared, with the TAIEX Index closing 2.6% higher after media reports that Apple is asking its suppliers to prepare for much higher-than-expected iPhone 7 production for 2016,” Shuli Ren reports for Barron’s.
“Taiwan’s Economic Daily said Apple had asked its suppliers to produce 72 to 78 million new iPhones by the end of the year, the highest production target in about two years,” Ren reports. “The street had expected only 65 million iPhone 7s to be produced this year.”
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MacDailyNews Take: AAPL should enjoy a bit of a pop from this news.