Apple reportedly asked suppliers last week to boost production for its new iPhones by as much as 10%, or 8 million units.
Shares of Apple climbed more than 2% on Friday to an all-time high of $235.20, extending the company's market value above the $1 trillion threshold. The rally came as President Trump signaled positive developments in US-China trade negotiations, which could help Apple's iPhone sales in Asia if a deal is made. Several Wall Street firms have boosted Apple's price target in recent weeks amid stronger-than-expected demand for iPhones in China. Watch Apple trade live on Markets Insider.
Shares of Apple climbed more than 2% on Friday to an all-time high of $235.20, extending the company's market value above the $1 trillion threshold. The rally came as President Trump signaled positive developments in US-China trade negotiations, which could help Apple's iPhone sales in Asia if a deal is made. Several Wall Street firms have boosted Apple's price target in recent weeks amid stronger-than-expected demand for iPhones in China. Watch Apple trade live on Markets Insider.
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