Hedge Fund Buys iPhone Suppliers Betting Apple Will Raise Orders
- Timefolio’s Chang sees boost for iPhone 11 Pro suppliers
- Estimates total iPhone 11 model unit sales of up to 73 million
A row of Apple Inc. iPhone 11 smartphones.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
A hedge fund is buying shares of Apple Inc. suppliers on an expected increase in orders of parts for the iPhone 11 Pro.
“Based on our supply chain data, we believe orders for iPhone 11 Pro for suppliers will be revised up,” Narci Chang, a Taiwan-based portfolio manager at Timefolio Asset Management SG Pvt, said in a telephone interview. “I think that is going to be very encouraging for entire supply chain.”