Apple Boosting iPhone Output

A successful price cut has cleared the way for Apple (AAPL Quote) to boost iPhone production, TheStreet.com has learned.

A source familiar with the latest info says Apple is raising its manufacturing target for the quarter ending Dec. 31. The company had planned to make 1.7 million iPhones in the fiscal fourth quarter ending later this month, and to make 1.54 million iPhones in the fiscal first quarter ending Dec. 31.

But now, "That 1.54 million number is going up," says the source.

Apple declined to comment, but the shift comes just weeks after the company stunned Wall Street by hastily unveiling a steep price cut on the heavily promoted iPhone. Apple is expected to announce European telco partners for the iPhone Tuesday. Apple sells the iPhone through AT&T (T Quote) in the U.S. ...