New iPhone for Third Quarter

Apple has placed orders for key components of the new iPhone, which is expected to debut sometime in the third quarter of this year. A source at one of Apple’s suppliers said, “Apple’s sales estimate of the new iPhone is quite aggressive. It told us to prepare to help the company meet its goal of 25 million units by the end of the year. The initial production volume will be a few million units…we were told to ship the components to assembler Hon Hai in August.” The new phone will feature an eight-megapixel camera, and be thinner and lighter than the iPhone 4.