Apple’s iPhone 6 May Begin Production Soon
A news report out of China’s Commercial Times has claimed that Apple (NASDAQ:AAPL) is close to beginning the production of its next series of phones, the iPhone 6, reports Reuters. The details are few an far between, but Pegatron Corp is said to be dedicating some manpower to the project and even expanding for the task, while Hon Hai Precision Industry Co, better known as Foxconn, is also expected to take on a share of the production.
According to the report, production of the iPhone 6 will begin in the second-quarter of this year, which means it’s coming right up. Pegatron’s shares rose as the word got out that it would be a primary assembler of the iPhone 6. As of this writing, Apple shares also have bounced up 0.4 percent.
There is plenty of apparent value in an iPhone 6 for Apple. Product refreshes of Apple’s devices tend to garner a large surge of business, and with the high margins on those devices, the iPhone maker wins big. Typically, when a new iPhone comes out, over 10 percent of iPhone users upgrade, according to data from ISI Group reported by Forbes.
Many are predicting that the iPhone 6 will offer users the choice of a larger screen that Apple has traditionally been willing to build. Analyst Brian Marshall suggested that a 4.7-inch and 5.5-inch screen option would be available, according to Forbes. If that were the case, it could pull in a lot of customers who have been wanting something closer to the phablet domain. On top of that, it could steal a number of customers from the Android market, which has had plenty of larger form factor devices available.