Apple Inc. plans to begin production of a refreshed iPhone similar in size and shape to its current one in the second quarter of the year, according to people familiar with the device’s production, teeing up a possible summer launch for the next version of its flagship device.
Hon Hai Precision Industry Co. said its net profit rose 16 percent in 2012 from the previous year, as the Taiwan-based assembler of Apple Inc. products saw its revenue increase as the U.S. company’s sales grew.
Apple Inc. Chief Executive Tim Cook and China Mobile Ltd. Chairman Xi Guohua met Thursday and discussed cooperation, raising the possibility that the world’s largest mobile carrier soon would begin offering the iPhone.
Asia’s major memory-chip makers continued to post weak results in the third quarter as personal-computer demand waned, with consumers switching to mobile devices such as tablet computers and smartphones.
Apple Inc.’s Asian component suppliers have started mass production of a new tablet computer smaller than the current iPad, people with knowledge of the situation said, as the Silicon Valley company tries to stay competitive against rivals such as Google Inc. and Amazon.com Inc. that are offering smaller, less-expensive alternatives to the iPad.