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Apple Doubles Down on iPhone
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Apple's (AAPL Quote) outlook has grown even rosier on iPhone sales this year.
The Cupertino, Calif., tech shop has now prepared plans to nearly double its iPhone production in the fourth quarter, say people familiar with the company. The plan calls for the manufacture of 2.7 million iPhones next quarter, up from the 1.54 million originally targeted, these people say.
An Apple representative declined to comment, but the news comes a day after TheStreet.com reported that Apple was boosting production based on a projected resurgence in iPhone demand. ...
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