Trader Nerd

Apple Inc. has told suppliers to increase production of the latest iPhone 11 and iPhone 11 Pro lineup by as much as 10%, the Nikkei Asian Review reported. The bump in production would add up to 8 million units to the current production plans as Apple seeks to meet stronger-than-expected demand. The increase may validate Chief Executive Officer Tim Cook ’s strategy of offering budget-conscious consumers less expensive models amid signs of a weakening economy, it said. Major improvements to the iPhone’s camera, including the addition of a new ultrawide camera for better architectural and tourist photos, alongside better battery life and improved durability may have resonated with consumers. The entry point for new iPhones was also lowered for the first time, with the iPhone 11 starting at $699 or $50 less than its predecessor. With the increase in production, Apple is anticipating selling more iPhones in the closing months of this year than it did during the