Apple Inc's AAPL shares were trading higher on Tuesday.

Apple plans to start the production of its iPhone 12 production in July, DigiTimes reported.

The company is reportedly set to finish the "Engineering Validation and Testing" stage for the new iPhone model in June

The iPhone makes up the majority of Apple's total revenue. In addition, Apple offers its customers a variety of services such as Apple Music, iCloud, Apple Care, Apple TV+, Apple Arcade, Apple Card, and Apple Pay, among others.

Apple shares were trading up 3.03% at $343.56 on Tuesday. The stock has a 52-week range between $345.61 and $190.30.

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