Apple Ramps Up iPhone 16 Orders By Over 10% Ahead Of September Launch, Anticipating Surge In Demand Thanks To AI: Report

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Apple Ramps Up iPhone 16 Orders By Over 10% Ahead Of September Launch, Anticipating Surge In Demand Thanks To AI: Report - Benzinga

Quick Summary:

What Happened: Apple has instructed suppliers to prepare components for approximately 88 million to 90 million new iPhones, reported Nikkei Asia on Thursday, citing multiple sources familiar with the plan.

Ahead of the highly anticipated launch of its artificial intelligence-equipped iPhones, Apple Inc.(NASDAQ:AAPL) has reportedly increased its orders for new iPhones, signaling strong confidence in its upcoming products.

Despite the strong orders, Apple faces stiff competition in China, which accounted for 17% of its revenue in the first quarter.Huawei ...