China exports of handheld wireless telephones and parts rose 20% in the three-month period from September to November, suggesting that Apple Inc. has seen a marked increase in manufacturing velocity for the iPhone 6 and iPhone 6 plus, Stifel analysts said Monday. China exports rose 13% in November, after a 42% rise in October and an 8% rise in September, they wrote in a note. Export data has historically been closely correlated to Apple's quarterly iPhone shipments, said the note. Telephone exports from the Henan Province, home to the Foxconn factory in the city of Zhengzhou, rose 33% in the same period, while mobile telephone units rose 34%. The Zhengzhou factory accounts for about 9.5% of total China output, said the note. Apple shares were up 0.2% in afternoon trade, and are up about 43% in the year, while the S&P 500 has gained about 13%.
Copyright © 2014 MarketWatch, Inc.
Continue Reading Below