A new report today indicates Apple will launch a new 4.7-inch based on the design of the iPhone 8 early next year. The Chinese-language Economic Daily News (EDN) [Google Translate] says the new phone will feature updated internal components, in a bid to grab more of the mid-tier smartphone market.
The report cites sources from Taiwan-based Fubon Securities Investment Trust, and claims Apple’s revised iPhone 8, which is said to be targeted for a March 2020 release, will feature a 4.7-inch LCD display, an A13 processor, a single-lens rear camera, and 128GB of storage.
Production, which is predicted to reach 20 million units, will be handled by Apple assembly partner Pegatron. EDN says the price tag for the new handset will be around $649. Apple has long been searching for ways to boost its share of the mid-tier market, where it has lost ground to Chinese firms, such as Oppo and Vivo.
Apple currently still offers the iPhone 8 and iPhone 8 Plus as lower-cost options to its flagship iPhone XR, XS, and XS Max models. Current pricing for the device starts at $599 for a 64GB base model or $699 for a base Plus model.