iPhone low-cost model rumors: Apple supplier Pegatron boosts workforce

Credit: Apple

Taiwanese assembly company Pegatron has announced the creation of 40,000 new jobs for the second half of the year, building up its workforce in China by up to 40 percent, Reuters reports.

Pegatron did not specify the name of the product or the company concerned, but it is believed to be an Apple product.

The news has fueled speculation about a possible launch of an iPhone at discounted prices.

Charles Lin, Pegatron’s chief financial officer, told the publication that 60 percent of the company’s revenue in 2013 is expected to come during the second half of the year.

Following a trip to Hong Kong and Taiwan, Morgan Stanley analyst Katy Huberty recently reported that Apple suppliers are getting ready for the production of several iPhones for the period June/July.