The agency said: suppliers of the technology giant begins to assemble the iPhone model at reasonable prices, the first of its kind since iPhone SE, in February.
Bloomberg expects the device to be unveiled next March.
The new phone assembly will be split between Foxconn, Pegatron, Weston and Wistron.
Reports, rumors and predictions about a low-cost iPhone model started appearing last year, and some came from analyst Ming-Chi Kuo, who has a proven track record when it comes to Apple’s expectations.
The analyst stated, earlier, that the next low-cost model will look like an iPhone 8, and will have a 4.7-inch screen, and it is reported that it will be powered by the A13 processor from Apple, which also powers the iPhone 11.