Apple’s New iPhone is Preparing for Launch
Apple (NASDAQ:AAPL) is expected to debut a new iPhone in September, and according to one of the company’s suppliers, has placed orders for components of the new phone, including an eight-mexapixel camera.
According to the supplier, Apple (NASDAQ:AAPL) has set a goal of 25 million units by the end of 2011, with an initial production volume of a few million units. The new iPhone is reported to be similar to the iPhone 4, but thinner and with an improved camera. For that reason, Wall Street’s predictions are more conservative, with analysts saying people who already own the iPhone 4 aren’t likely to feel the need to upgrade.
In Apple’s most recent quarter ending March 26, the iPhone accounted for nearly half of the company’s $24.7 billion in revenue. Apple has sold 108.6 million iPhones to date.
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A new iPhone was originally expected to be introduced at this year’s Worldwide Developer’s Conference, but when that wasn’t the case, speculation turned to fall when the new iOS would become available. But now contract manufacturer Hon Hai Precision Co. (TPE:2317), which assembles iPhones and iPads for Apple (NASDAQ:AAPL), is saying they might not be able to have the phone ready in time. Production has been slow because, according to Hon Hai Chairman Terry Guo, “The touch-screen devices are so thin. It’s really difficult to install so many components.”