APPLE PLANS 30% HIKE IN iPHONE PRODUCTION FOR FIRST HALF OF 2021

Apple Inc plans to manufacture up to 96 million iPhones in the first half of 2021, a nearly 30% year-on-year increase, Nikkei reported.

It has asked suppliers to produce around 95 million to 96 million iPhones, including the latest iPhone 12 range as well as older iPhone 11 and SE, though shortage of key parts could threaten the target, the report said, citing people familiar with the matter, Reuters also reported.

This would mark a 20% rise from 2019 although the target will be regularly reviewed and revised in response to any changes in consumer demand, according to the report.

The tentative full-year forecast that the iPhone maker shared with its suppliers suggests it plans to make up to 230 million iPhones in 2021, including both old and new models, the report said.

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