Mountain View, California-based Apple is one of the largest businesses in the world. Company officials have long stressed the importance of strategic sourcing and manufacturing cost reductions have helped the firm to create a web of suppliers throughout the globe. According to a published report, Apple's next-generation iPhone feature an array of upgrades.MarketWatch reports that insiders with knowledge of Apple's supply chain recently said that the company has worked to increase its number of suppliers over the past year. A majority of Apple's manufacturing is performed in China and other Asian countries, which were affected by the supply chain crisis emanating from Japan.
Citing Apple's "supply chain sources," Stern, Agee & Leach Equity Research analysts said in a note on Tuesday that Apple's fifth-generation iPhone could feature a larger display, thinner design and a dual-core processor.
However, the next iteration of the wildly successful iPhone is not thought to be compatible with 4G networks, which many cellular providers are rolling out this year as they strive to deliver faster service amid fierce competition.
Apple recently reported quarterly earnings that wowed investors and handily beat expectations.
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