It looks like Apple (NASDAQ:AAPL) is having a holiday shopping season to remember, with two of its main manufacturing partners in China deciding to disallow breaks even during the forthcoming Chinese New Year celebrations. The extended work is in an attempt to meet the increased demand for the iPhone 5 and iPad mini, Taiwan’s United Daily News said.
Our 20-page proprietary analysis of Apple’s stock is ready. Click here to get your Cheat Sheet report now.
What is the Buzz From China?
The Chinese New Year period begins on February 10, and according to the report, several production lines at Hon Hai Precision Industries, or Foxconn, and Flexium Interconnect will be kept open during the time. Apple’s manufacturing partner Pegatron did the same in 2011, according to Apple Insider, when employees were reportedly offered triple pay to work over the Chinese New Year.
What Could it Mean for Apple?
Apple is clearly seeing a high demand for its two new mobile devices and needs the extra hands to keep up with it. This heralds a positive trend for sales, and should make shareholders happy. Of course, Apple will need to make sure it doesn’t become part of another PR scandal with the extra working hours, but if it does things right, the iPhone maker may be looking to meet the high expectations from it early in the new year after all.
Don’t Miss: Is This Apple’s Secret Made-in-USA Project?