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Apple eyes 10% production boost but suppliers fear coronavirus

Planned increase in iPhones faces 'massive uncertainties'

Rising orders for Apple iPhones helped double the company's share price over the past year, though its Asian suppliers now warn that China's coronavirus has created "massive uncertainties" about iPhone production. (Nikkei montage/source photo by Reuters and Getty Images)

TAIPEI -- Apple has asked suppliers to make up to 80 million iPhones over the first half of this year, people familiar with its planning told the Nikkei Asian Review, an increase of over 10% from last year's production schedule that could boost the company's near-record share price.

Apple, which reports fourth-quarter results after Tuesday's U.S. market close, has booked orders for up to 65 million of its older iPhones, mostly from the iPhone 11 series, and up to 15 million units of a new cut-price model that it plans to unveil in March. Apple ordered 73 million iPhones over the same period last year, according to GF Securities data.

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