Apple shares spike amid bullish iPhone 7 report, suppliers follow

Shares of Apple rose more than 1 percent Monday after Taiwan's Economic Daily reported the tech behemoth asked its suppliers to make more iPhone 7s than expected.

The newspaper said Monday Apple asked suppliers to produce between 72 million and 78 million iPhone 7s by the end of the year, above Wall Street expectations for 65 million.

Shares of Apple's suppliers also rallied, as Skyworks Solutions and Qorvo both gained nearly 2 percent, leading the VanEck Vectors Semiconductior ETF (SMH) 0.65 percent higher.

Apple did not immediately respond to CNBC's request for comment.

The tech giant's stock is recovering from a recent drop, having fallen more than 18 percent over the past six months.

AAPL 6-month chart

Read the Economic Daily's full report here.