Apple Supplier: Low-Cost iPhone Will Not Be Cheap

Source: MacOtakara.jpHow 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.”

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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.

A report from Mac Otakara earlier this week revealed that a Japanese iPhone accessories company was already making cases for the rumored low-cost iPhone. According to that company’s design, the low-cost iPhone is about 2 millimeters thicker than the current iPhone 5.

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Apple Insider notes that many analysts and commentators have long speculated that Apple suppliers Pegatron and Foxconn are both involved in the production of this new low-cost iPhone that is also known as the “iPhone Lite.” Here’s how Apple stock traded yesterday.

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