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        <title><![CDATA[Apple plans to crank out more iPhones despite sagging demand: report]]></title>
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            <media:title type="html">Apple plans to crank out more iPhones despite sagging demand: report</media:title>
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        <content:encoded><![CDATA[<p>Despite a predicted drop in demand, Apple is planning on upping iPhone production by 4 percent year-over-year through March 2021, according to a report.</p><p>The Cupertino, Calif.-based company plans to crank out 213 million iPhones over the next 12 months, according to <strong>Japanese service Nikkei</strong>. It will be a roughly even split between the <strong>newly announced iPhone SE</strong>, which is now Apple&#8217;s cheapest model, starting at $399, and the successor to the iPhone 11, which is likely to be far more expensive and feature 5G technology.</p><p>Apple is expected to introduce three to four new 5G iPhones, according to the report.</p><p>Whether Apple will be able to move all the phones it plans to produce, however, is a different story. An executive at a components maker told Nikkei that &#8220;Apple&#8217;s production outlook is pretty bullish,&#8221; adding he was not sure if it is &#8220;realistic.&#8221; The executive said that &#8220;actual production&#8221; could be 10 to 20 percent lower than forecasts.</p><p>The report comes just days after analysts at Goldman Sachs said they expect iPhone shipments to <strong>fall 36 percent during the third quarter</strong> as customers around the world remain in lockdown, and downgraded Apple’s stock to “sell.”</p><p>Apple&#8217;s retail stores outside of China remain <strong>closed indefinitely</strong> due to the virus, though the company said last week that it planned to reopen a store in Seoul, South Korea.</p>]]></content:encoded>
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