According to the Nikkei News, Apple has told suppliers to increase the production of the iPhone 11 series by up to 10%, or 8 million.

According to sources, this fall is much more busy than expected. In the past, Apple was quite conservative about placing orders. After the increase in production, the iPhone 11 series will have higher bookings than last year.

In fact, since the official launch, multiple versions of the Apple iPhone 11 series are officially out of stock.

At present, Apple's official website has however, reserve the green version of iPhone 11 and thus, needs to wait 3-4 weeks to get started, while the purple version needs to wait 2-3 weeks .

All the storage configurations and colors in the iPhone 11 Pro and iPhone 11 Pro Max are out of stock. Meanwhile, it'll take 2-3 weeks to place an order. And now, Apple Store retail reservations are rarely available in stock.

On Monday, local time, Apple shares rose 5.15 US dollars to close at 223.97 US dollars, which is an increase of 2.35%. The closing price of the day hit the company's highest closing price since October, rising to $1.012 trillion.

Due to the newly released iPhone 11 sales, JP Morgan Chase raised its target price from $243 to $265, saying that iPhone shipments are growing. At the same time, it raised the expected sales of 1 million units in the third quarter and 4 million units in the fourth quarter, and is expected to maintain growth until 2020.

JPMorgan explained that Apple may push 5G phones in 2020, which will attract consumer interest. JPMorgan analysts expect Apple to sell 198 million iPhones in 2020 and 200 million units in 2021
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