Apple Inc. (NASDAQ:AAPL) is one of the 15 Best American Tech Stocks to Buy Right Now. On September 19, Reuters reported that Apple Inc. (NASDAQ:AAPL) has asked at least two suppliers to increase production of the iPhone 17, its entry-level model, by at least 30% following strong pre-orders.

This update indicates that more customers are choosing the cheaper $799 iPhone 17 over the more expensive Pro models, which start at $1,099 and typically have better materials, cameras, processors, and displays.

Apple Inc. (NASDAQ:AAPL) told Luxshare Precision, one of its main iPhone assemblers in China, to raise the daily output of the standard iPhone 17 by approximately 40%, according to a report by the Information. This report cited people familiar with the matter.

The entry-level iPhone 17 has screen and camera improvements that were previously only available in the Pro models. This suggests that Apple Inc. (NASDAQ:AAPL) could be facing more price-sensitive demand than initially anticipated.

Apple Inc. (NASDAQ:AAPL) is an American multinational technology company focused on consumer electronics, software, and services. It is known for its products like the iPhone, iPad, and Mac computers.

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Disclosure: None. This article is originally published at Insider Monkey.