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Thursday, 06/20/2013 1:35:01 PM

Thursday, June 20, 2013 1:35:01 PM

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Pegatron involvement in low/mid-range iPhone is kind of confirmed with this

http://wallstcheatsheet.com/stocks/apple-supplier-low-cost-iphone-will-not-be-cheap.html/?ref=YF

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.”
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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.


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