Apple Shares Climb On Report Of 4% Boost To iPhone Production
With the Dow futures pointing to another large drop at the open, the good people at Apple have come through with a headline that, for all we know, could have been uniquely crafted to bolster the lagging Dow.
To wit, Apple is apparently planning to boost iPhone production 4% through March, literally the very first economic ‘green shoot’ to emerge amid a torrent of abysmal global economic data and a rash of alarming corporate earnings reports, Nikkei reports.
- APPLE AIMS TO INCREASE IPHONE OUTPUT BY 4% THROUGH MARCH:NIKKEI
However, at the same time…Asian smartphone makers are also “starting to reduce their procurement of parts,” said an executive at a major semiconductor maker.
Tyler Durden
Tue, 04/21/2020 – 08:34
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