New iPhone Production Volume Expected to Hit 100 Million

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If new research is correct, Apple Inc. (NASDAQ: AAPL) has high hopes for the next version of the iPhone, which has been dubbed by outsiders as the iPhone 8. Production for the next generation smartphone is expected to hit 100 million.

According to TrendForce:

TrendForce estimates that the production volume of the next iPhone devices for this year will reach at least 100 million units, of which the model with the AMOLED display will make up the greatest share. The production volume of all iPhone devices for 2017 is projected to total around 230 million units, representing an annual increase of almost 6%.

The AMOLED display allows curved edges on the phone’s display. Some analysts believe that there will be a low supply of AMOLED displays, so Apple may be unable to make the changeover right away. Rumors claim that along with the display the new iPhone will have wireless charging capacity, new glass, face and eye recognition for unlocking the device, and the ability to use 3D technology to display certain images. Apple has not confirmed or denied any of these rumors.

TrendForce supposed that the new iPhone will have at least one other major feature:

Another standout feature for the next high-end iPhone will be the removal of the physical home button as the related functions will be integrated into the display. The disappearance of the home button will make the device more compact without sacrificing the display area. Therefore, the display aspect ratio of the next high-end iPhone could exceed 2:1, while the phone’s overall body size could be similar to that of the next 4.7-inch model.

The iPhone is at the core of Apple’s revenue engine. Apple sold 78.9 million iPhones in its fiscal first quarter, which covered the final calendar quarter of 2016. iPhone revenue was $54.3 billion of Apple’s $78.4 billion in revenue for the period.

Many investors believe that the key to Apple’s stock improvement is the new iPhone 8. That may be true, since Apple shares are at an all-time high and probably need a big event to give the price another step up.