Apple preparing to build 75 million 5G iPhones later this year
A woman holds up the iPhone 6 Plus at the Apple Store at Tokyo's Omotesando shopping district September 19, 2014. PHOTO: REUTERS
Apple has asked suppliers to build at least 75 million 5G iPhones for later this year, along with new Watch models, a new iPad Air, and a smaller HomePod, Bloomberg News reported on Tuesday.
The company expects shipments of these next-generation iPhones to reach as high as 80 million units in 2020, the report said, citing people familiar with the matter.
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Apple is also preparing to launch a new iPad Air with an edge-to-edge iPad Pro-like screen, two new Apple Watch versions, and its first over-ear headphones outside the Beats brand, according to the report.
Recently, the smartphone giant also became the first publicly listed US company with a $1 trillion stock market value, the iPhone maker has now topped $2 trillion.
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Apple surprised Wall Street as it was able to get loyal shoppers to buy iPhones, iPads, and Macs online even as several brick-and-mortar stores remained closed due to the coronavirus lockdowns.
Started in the garage of co-founder Steve Jobs in 1976, Apple has pushed its revenue beyond the economic outputs of Portugal, Peru, and other countries.