This archive report was first published on 12 December 2019.
Apple's iPhone 11 series has made a significant impact in the market, with sales exceeding expectations. According to CEO Tim Cook, the company has never been happier with the launch of the new devices.
Published on December 12, 2019, in an interview with German daily Bild, Tim Cook revealed that the company's new line up of smartphones, including iPhone 11, iPhone 11 Pro, iPhone XS, iPhone XR, and iPhone 11 Pro Max, has seen a very strong start.
The iPhone 11 Pro Max, in particular, boasts impressive features such as a 6.5-inch edge-to-edge display, live wallpapers, and an improved camera with larger pixels and increased depth. The device also supports gigabit-class LTE and has a stainless steel frame, providing a better grip than its predecessors.
Following the launch, Apple's European suppliers have seen an increase in shares. Siltronic, a German chipmaker, saw a 3% increase, while Infineon, STMicro, and ASML each gained approximately 1%.
Apple's shares closed at 2% on Monday, trading 0.5% higher on Tuesday in extended hours. J.P Morgan raised Apple's target price, predicting that the demand for the new devices will be stronger than expected, with the company set to sell a million more iPhones than initially anticipated.
Users can purchase the iPhone 11 Pro Max and other devices on the Compare My Mobile website, where they can compare prices and specifications of various smartphones.
