The figure beats out the 50 million to 60 million units of the Apple iPhone 5s and Apple iPhone 5c that were initially produced last year for those models. It was the first time that Apple launched two different variants of the iPhone in one year. Besides ordering the large number of finished phones, Apple also asked suppliers to have components ready to cover 120 million iPhone 6 models, in case of display failures. Last year, Apple asked suppliers to have components ready for 90 million units in case of display failures.
The latest speculation has Foxconn and Pegatron both beginning mass production of the 4.7 inch Apple iPhone 6 next month, with Foxconn handling all production of the 5.5 inch iPhone phablet starting in September. That would lead to a September release for the Apple iPhone 6, and a release the following month for the Apple iPhone phablet.
source:WSJ via AppleInsider