Apple (AAPL) Sees High Demand for Affordable iPhone 17

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 (AAPL) Sees High Demand for Affordable iPhone 17
Apple (AAPL) Sees High Demand for Affordable iPhone 17

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.

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