Apple Inc .will double its iPhone production to nearly double its iPhone production in the fourth quarter, financial news Web site reported, citing people familiar with the company.

The plan calls for making 2.7 million iPhones next quarter, up from the 1.54 million originally targeted, the report said. Apple's plans now call for 4.8 million iPhones to be produced this year, up from the 3.6 million previously targeted, the report said.

Earlier this month, Apple said it sold its one-millionth iPhone a few weeks ahead of schedule.

Yesterday, Apple Inc. said it will start selling its popular iPhone smart-phone in the U.K with the Spanish-owned service provider O2, bringing the firm's highly-coveted device to Europe for the first time.

The 8-gigabyte handset will go on sale in the U.K. on Nov. 9 for 269 pounds ($536), including tax, Jobs said today at a news conference in London.