In a note clients — as noted by AppleInsider — high demand for the iPhone 12 has caused Apple to increase its build orders for the March quarter, with sales in China said to be a highlight of the quarterly finances, Cowen analysts claim.
The research group has upgraded it forecast for the March 21 quarter for the third month in a row. Cowen currently believes Apple intends to produce 55 million iPhone units, a 49% year-on-year increase for the quarter, and up from 51 million forecast by the firm one month ago.
