Report: Apple orders supply chain to produce 72-78 million iPhone 7 units this year, significantly above analyst estimates

A new report from Economic Daily News is shining some positive news on the Apple iPhone outlook, after several months of narratives regarding slowing iPhone growth. The report suggests that Apple has ordered production of around 72-78 million iPhone 7 devices this year, significantly above analyst estimates.

The 72-78 million target is in fact a record for iPhone production in recent years, implying that the iPhone 7 could return Apple’s smartphone division to sales growth later in the year. Apple supply chain partners are booming today in the markets following the news; Pegatron stock is currently up 10%. Consensus from analysts had expected production circa 65 million, so a jump in ten million units is significant.