Apple increasing iPhone 14 build plans due to continued market share gains: Susquehanna
NguyenDucQuang

Apple (NASDAQ:AAPL) is continuing to increase its build plans for the iPhone 14, with investment firm Susquehanna noting the tech giant is ahead of its plans for the iPhone 13 at this point in time.
Analyst Mehdi Hosseini noted that the increase in units is due to "continued market share gains," and has caused Apple (AAPL) to boost its plans for the December quarter and the second-half of the year to 100M units, up from a prior 88M.
Hosseini added that a number of Chinese suppliers for Apple, including VOX group, have seen a rebound in their build plans.
Apple (AAPL) shares were flat in premarket trading at $167.31.
In addition, Hosseini now estimated that Apple (AAPL) partners are set to build 52M iPhones in the September quarter, up 12% sequentially and 8% year-over-year. The iPhone 13 continues to see strong demand, with estimates of 23.5M builds, up from a prior estimate of 21.5M, due in part to higher builds for iPhone 13 Pro and iPhone 13 Pro Max. Builds for the iPhone 14 are sill tracking towards 23M. 
"We believe iPhone 14 Pro/Pro Max accounts for 55-60% of overall iPhone14 build in [September quarter], which combined with the upside from iPhone13 Pro/Pro Max should help Apple with a higher blended ASP (per iPhone)," Hosseini wrote in a note to clients. 
The analyst added that Apple (AAPL) is now set to build 228M iPhones in 2022, up 8% year-over-year.
On Tuesday, it was reported that Apple (AAPL) was looking to start producing the iPhone 14 in India about two months after its release out of China in an effort to cut the production lag between the two countries.