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Citigroup: Apple to order 90 million units of the Apple iPhone 6 from Foxconn this year

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Citigroup: Apple to order 90 million units of the Apple iPhone 6 from Foxconn this year
Citigroup Capital Markets has issued a report to its customers claiming that Apple plans on ordering 90 million units of the Apple iPhone 6 from contract manufacturer Foxconn during 2014. An analyst at the firm, Wei Chen, says that Apple will increase orders for its iconic smartphone by 24% over the number it ordered in 2013. Last year, Apple ordered 13% more iPhone units than it did during the previous year.

While Apple is continuing to show growth in the number of iPhone units it will take delivery of this year, growth of smartphones globally are forecast to slip to 28% in 2014 from 40% last year. Such shipments in markets considered "mature" are predicted to grow 4% this year, down from 5% last year.

The latest speculation has the Apple iPhone 6 launching as soon as July, although that is based on an analysis of the supply chain by Mizuho Securities analyst Abhey Lamba. The analyst expects the Apple iPhone 6 to be released in July with a 4.7 inch screen, followed by a fall release of a 5.5 inch Apple iPhone phablet.

source: DigiTimes

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