J.P. Morgan Apple analyst Rod Hall believes the new handset will be called the 'iPhone Pro', and will sell for $1100.
J.P. Morgan is adjusting its forecast for the device from 9m units for September to ~2m units for September.
The firm has also increasing its expectation for the average selling price by $100 to $1,100, noting that it believes 'production costs are slightly higher than we had originally anticipated.'
Economic Daily News is reporting that all three new iPhones, overhauled iPhone 8 and the 'iPhone 7s' iterative updates to the iPhone 7 and iPhone 7 Plus are yet to start mass production.
The report says that the new 4.7-inch and 5.5-inch phones are expected to ramp up in August, a month behind the normal new iPhone production timelines.
It also claims the OLED 5.8-inch iPhone, which is expected to have a bezel-less screen, may not be available until November.
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Source: Caseme
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