Apple fans have had to wait patiently since the iPad Mini came out to get their hands on new devices. Many had their fingers crossed for an iPhone 5S early this summer, but when Apple made its latest earnings call, those hopes quickly fizzled up. Apple announced that it would have new products coming out later in the fall, as well as 2014.
Jeffries analyst Peter Misek suggested that production of the next iPhone and a low cost iPhone would begin in late June or early July. Misek suggested that 25-30 million iPhone 5 units would be produced in the second calendar quarter, 25-50 million units in the following quarter, and then 60-65 million units in the calendar fourth quarter — just in time for the holidays. Shipment estimates for the second, third, and fourth calendar quarters are 25 million units, 30 million units, and 50 million units, respectively.
Now rumors are suggesting that the iPad 5 could reach production levels in the millions by September. The device could also see some big changes from the prior two models.