Listen: Apple tastes success with iPhone 11, increases orders to meet demand
"For once. The rumors round the iphone positive often report suggests lagging demand but this time with expectations muted rumor has it that those new iphones could be more popular than many expected with the Nikkei now reporting that apple told suppliers to increase production of the new iphone eleven lineup by as much as ten in percent or eight million units to better than expected demand. The rise in orders is apparently driven by the lowest end iphone eleven as well as iphone eleven pro. Oh with the iphone eleven pro Max orders having been slightly revised down. CEO Tim Cook himself told a German publication justice week that sales were off to a very we strong start in his words that we didn't disclose specific sales figures these new iphones post a faster processor longer lasting batteries improved camera systems and and the iphone eleven the successor to the ten was price fifty dollars lower at six hundred and ninety nine dollars Deutsche Bank analysts saying that year over year growth in I phone revenues looks increasingly more reasonable. If this report proves to be true investors of course have piled in apple has now soared more than forty percent this year ear questions remain though about demand for example in China while we already offers a five g handset other Chinese vendors will soon launch five G. Devices to Tech Tech analyst Patrick Moorhead says competition from those Chinese companies offering five G. smartphones could impact a man for the new iphone Eleven Lineup Melissa back to you all right. Josh thank you Josh Lipton. All its trade apple here tim well so. JP Morgan was out there talking about actually that iphone shipments could be higher. This was an upgrade this just by the way this is a chart guys that everybody thought broken down and maybe going to get those new highs so we'll see jerry still out but I do think when you talk about this company people don't have necessarily they have not increased their expectations on shipments anytime reasonable recently meanwhile the refresh cycle the new phone cycle and when you get into the five G. phones for next year. It really could be callous for a company that granted what we've been saying. The catalyst has been has been service related and capital markets related and I think those are also on the socks that chart looks. It's pretty Nice Carnegie Project. We we go you cars. phonics sake like Dan. Can we chart. I listen I said I think that you get back to that prior. High from September when it was two thirty three ended a forty percent peak to trough decline in three months guys. That was the largest market cap cap company in the world that Lonzo four talking about that. We're talking about right now. Tim Come on. Let's talk you just here does talk about China okay what their market share in China's six and a half percent there number five behind named you never even heard of like chow me and apoe all this sort of stuff stuff so if China's not coming back for them. North America's saturated on the most iterative yourself. I'm not buying it here to get to all time highs Alan charters good. We approach that hi four months ago we reapproach we approach again and then how about a would you rather at all as our Ken. Would you rather yeah I'd rather I'd rather have the SNP this"