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.
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.
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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