Production of new iPhones will by 20%

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The alleged "budget" iPhone model has a 6.1in display - it's not confirmed but presumably this is LCD rather than OLED.

According to some sources, Apple has asked its iPhone suppliers to make about 20% fewer parts for the iPhones releasing in next half of 2018. On the back, three cutouts can be seen suggesting three camera lenses similar to what Huawei introduced with the P20 Pro. However, Kelly adds that the flash will hang out on the side of the triple camera module so it's anyone's guess at the moment. Whatever the case, it appears that the iPhone X Plus will be the only one to benefit from having 3 cameras.

The iPhone X Plus' schematics have been leaked by Forbes' Gordon Kelly in collaboration with case-maker Ghostek to confirm that the premium-most iPhone could have a triple camera setup at the back.

Noted Apple analyst from KGI Securities, Ming-Chi Kuo, in a recent research revealed that one of the three iPhones coming this year is going to cost a lot cheaper than the current-gen iPhone X.

The new budget iPhone X and the larger iPhone X Plus have both leaked online ahead of their expected launch in September this year.

According to the Forbes report, the 6.1-inch LCD iPhone could feature first-generation Face ID support, while sporting a larger notch than the iPhone X Plus. It's expected to feature a steel chassis and weigh slightly more than the iPhone 8 Plus (202g). Other such measures to be adopted in order to bring the pricing down could include a single rear camera, removal of 3D touch and cost reduction in the materials which are used while manufacturing the iPhones. Apple is reportedly planning to sell this budget iPhone for a price as low as $599 or $699 according to early estimates, which would definitely make it an instant hit with the buyers. On the other hand, the second generation iPhone X is said to retain the dual rear camera setup as the company has reserved the triple camera for the iPhone X Plus. As per Kuo, the value of the devices will start at $600-$700 for the LCD model, $800-$900 for the new iPhone X, and $900-$1,000 for the iPhone X Plus.