Apple's iPhone 12 shipments set for 38% annual growth in Q1 2021

Apple is seeing high demand for its iPhone 12 lineup and has increased its orders with assembly partners for Q1 2021, Cowen analysts claim, with the shipment count expected to grow year-on-year by 38%.

The iPhone 12 range has proved to be a popular mobile device for Apple so far, and one that may maintain demand for a considerable period of time. In a note to investors seen by AppleInsider about the smartphone market as a whole, Cowen believes Apple is enjoying strong demand that will continue throughout the first quarter of 2021.The number of builds for the March 2021 quarter has grown to 51 million, which represents a 38% year-on-year increase. The figure is also up from what was expected for the quarter last month, when 47 million units were anticipated.

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