Apple Inc.’s (NASDAQ:AAPL) iPhone launch will be the biggest ever, as Bloomberg reports that the company has instructed suppliers to produce between 70 million and 80 million devices. The Phones will also receive an upgrade in terms of screen sizes coming in at 4.7 inches and 5.5 inches diagonally.
According to Bloomberg’s Scarlet Fu,
“Apple iPhone launch this fall will be its biggest ever in more ways than one. The screens will be larger, 4.7 and 5.5 inches, according to the Wall Street Journal. Apple is asking Suppliers for up to 80 million phones that will be the company’s biggest initial order ever.”
The 80 million phones order will be the largest in its history compared to the initial order of between 50 million and 60 million made last year for iPhone 5S and iPhone 5C. Foxconn and Pegatron have already initiated plans to start mass production of the 4.7-inch iPhone model. Hon Hai Precision Industry as subsidiary of Foxconn will begin the production of the 5.5-inch phone as early as September this year, according to people with inside information.
iPhone 6 phones are expected to be larger than the 4 inch for the current iPhone’s 5C and iPhone 5S. Sources indicate that Apple Inc.’s (NASDAQ:AAPL) iPhone 6 will roll out with a cell-touch panel technology embedded in the screen that will allow for thinner construction than the current touch panel films.
Apple Inc.’s (NASDAQ:AAPL) shares have been trading at an impressive mark of $97 exuding confidence that the stock could finally hit the $100 mark sooner than later on the back of the new products that are set to be unveiled in September. Analysts have already shown confidence on the much awaited Apple Inc. (NASDAQ:AAPL) iWatch that could sell up to 60 million units in the first year with sales potential of $18 billion.
A vote of confidence from Morgan Stanley (NYSE:MS) and Barclays PLC (ADR) (NYSE:BCS) helped push Apple Inc. (NASDAQ:AAPL) stock in the market last week as it showed signs of breaking the $100 barrier.