The new low cost iPhone will be the first lower-cost iPhone model since the iPhone SE, pictured here in Cupertino, California, in March 2016. — Bloomberg
Apple Inc suppliers plan to begin assembling a new low-cost iPhone in February, people familiar with the plan said, as the company looks to address a wider swath of the global smartphone market ahead of its 5G handsets later this year.
The Cupertino, California-based company is expected to officially unveil the new phone as early as March, one person familiar with its road map said. The assembly work for the new handset will be split among Hon Hai Precision Industry, Pegatron Corp and Wistron Corp, the people added.
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