Investing.com– Apple has asked its suppliers to increase production and orders for the iPhone Duo amid strong demand for the company’s first foldable phone, Taiwan’s Economic Daily reported on Monday. <\/p>\n
Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month’s list \u00bb<\/a> <\/p>\n The iPhone Duo sold out almost immediately after going on sale on Friday, with a second wave of shipments only expected to begin on January 22, the report said, citing industry insiders. <\/p>\n To this end, Apple has asked its suppliers to accelerate production and increase orders by 30% to meet strong demand, the Economic Daily reported. <\/p>\n The initial stock of the iPhone Duo was insufficient to meet demand, the Economic Daily said. Initial estimates for iPhone Duo shipments this year were about 6 million units. But shipment volume has now increased to between 8 million and 10 million units, with shipments expected to reach 33 million units by 2027. <\/p>\n Unsure what to buy ahead of earnings? Our AI’s recent pre-earnings calls delivered gains of +77% to +118% after results dropped. See this month’s earnings picks \u00bb<\/a> <\/p>\n The Duo\u2013 which is Apple’s first foldable phone\u2013 is assembled by Foxconn, while the core processor is made by TSMC, the Economic Daily reported. <\/p>\n The model was launched globally on Friday to strong demand but limited supplies, with launch sales confined mostly to pre-orders. <\/p>\n The Duo is priced well above comparable offerings from Apple rivals Samsung and Google. <\/p>\n Original Article <\/p>\n Apple seeks more iPhone Duo supplies amid strong demand for debut foldable- report<\/a> <\/p>\n U.S. stock futures edge higher after bruising tech losses; Fed, earnings on tap<\/a> <\/p>\n