How cheap will Apple’s (NASDAQ:AAPL) rumored low-cost iPhone be? According to a China Times report via the Japanese blog Mac Otakara, Pegatron CEO T. H. Tung stated at his company’s shareholders meeting that the so-called low-cost iPhone price “is quite high.”
This had led some commentators to speculate that the “cheap” iPhone will actually retail as a mid-range price smartphone. Although the existence of this product has yet to be confirmed by Apple, Tung’s statements seem to indicate that the Taiwan-based Pegatron is currently involved in the production of this new iPhone.
Via Mac Otakara, Tung also noted that Pegatron’s “production plants [are] busy and [in a] non-stop state.” The CEO also said Pegatron has plans to hire additional employees to help with production of the low-cost iPhone in the second half of 2013.