Riccio, who joined Apple over two decades ago as vice president of product design, was named vice president of iPad hardware engineering in 2010 and leads the Mac, iPhone, iPad and iPod engineering teams.
SAN FRANCISCO, Jan 26 ― Apple Inc's hardware engineering chief, Dan Riccio, will step down to oversee a new project, the iPhone maker said yesterday, providing few details on the longtime executive's latest role. Riccio will report to Chief Executive Officer Tim Cook, Apple said in a statement..
Investment firm Cowen has increased their iPhone production prediction for Q1 2021.
The company believes Apple could ship as many as 55 million iPhones this quarter.
This would be a 49% increase year over year.
As reported by AppleInsider, financial services firm Cowen predicts that Apple is increasing its iPhone 12 production demand for the second quarter after a stellar performance over the holiday quarter.
In a smartphone build update report from Cowen seen by AppleInsider, analysts say they have upgraded their forecast for the March 21 quarter for the third month in a row. Cowen currently believes Apple intends to produce 55 million iPhone units, a 49% year-on-year increase for the quarter, and up from 51 million forecast by the firm one month ago.