Apple Rumored to Release Three New iPhone Models Priced at $699 or Higher

A recent wave of rumors regarding the release of new Apple products, specifically the iPhone series due in fall, has been making its way through news outlets all around the world. According to reports by Chinese media, Apple is expected to release three new iPhone models this September.

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Chinese media cited reports by Taiwanese security company, Fubon Securities who claims that there will be three new iPhone models released this fall. They are supposedly a second generation iPhone X with a 5.8-inch OLED display, a 6.5-inch “Plus” version of the iPhone X also with OLED display, and another 6.1-inch LCD iPhone.

Fubon Securities also claims that Foxconn, who recently became listed in China, will manufacture almost all of the second generation iPhone X models, 90% of the iPhone X Plus models, and 75% of the LCD versions. Apple will also be working with another Taiwanese electronics manufacturing company, Pegatron.

Renowned Apple analyst Ming-Chi Kuo, who recently left KGI Securities, has been making predictions as early as late April. He forecasts that the LCD version will be sold under $700 while Katy L. Huberty, managing director of research at Morgan Stanley, predicts that the same model will cost at least $699 too.

Fubon Securities claims that the same model will cost around $799. It uses similar materials to the iPhone 8 with a production cost of approximately $275.

While the iPhone X is currently only available in two colors – Space Gray and Silver, Kuo has predicted that at least two of the new models will be available in additional colors.