Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, September 3, 2015

Japan Display CEO hints at strong Apple orders ahead of new iPhone launch, (NASDAQ: AAPL)

Japan Display Inc Chief Executive Mitsuru Homma on Thursday said the screen maker's "biggest client", widely understood to refer to Apple Inc , is increasing orders ahead of the expected launch of a new iPhone this month.Homma said weakness in China's smartphone market, the world's biggest, amid that country's broader economic slowdown did not appear to be affecting Apple's display orders."They're coming to us with more orders, saying 'give us more, give us more'. They keep increasing," he told Reuters in an interview. Apple Chief Executive Tim Cook last week reassured shareholders about the strength of the Chinese market for iPhones after a slump in China's stock market and the devaluation of the yuan rattled investors.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. Shares of AAPL traded higher by 4.29% or $4.62/share to $112.34. In the past year, the shares have traded as low as $92.00 and as high as $134.54. On average, 55289700 shares of AAPL exchange hands on a given day and today's volume is recorded at 61888812.