Apple had planned to cut production this year after placing to many orders for last year's models. However the company has been telling suppliers to increase their production of the new device after experiencing better-than-expected demand.
Wedbush's Apple analyst said that the report jibes with what he's been hearing.
Meanwhile the market at large had a strong showing Friday with all three of the major indices climbing at least 1.2%. The Dow jumped nearly 400 points while the Nasdaq gained more than 100 points.
Watch to see what Guilfoyle thinks about the October 10 trade talks.
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