iPhone supply chain sends bullish signal on 5G after tepid start

Apple’s 5G push has been complicated by a shortage of vital chips that manage power consumption in iPhones and other devices. — Bloomberg

iPhone suppliers are racing to meet surging demand for Apple Inc’s 5G handsets after tech-savvy consumers leaped on the first major wireless technology upgrade in a decade.

Robust demand for the devices helped iPhone assembler Hon Hai Precision Industry Co beat quarterly revenue expectations. British-German chipmaker Dialog Semiconductor Plc increased its revenue forecasts due to stronger-than-expected demand for 5G phones and tablets.