Apple increases iPhone 12 production by 2 million units due to strong demand

The iPhone 12 and 12 Pro has been on open sale in some regions for just a few days and so far demand has been quite strong. So strong in fact that Apple has reportedly contacted its supply chain partners to accelerate production for the iPhone 12 by as many as 2 million units. The addition of an OLED screen paired with 5G and the new flat frame design seems to be enough to spark consumer interest. According to Cinda Securities Apple will see demand for the iPhone 12 series to reach the 80-85 million units level. Further estimates predict a whopping 230-240 million shipments in 2021 which...