Apple (AAPL) Next iPhone Already in Production

Apple (Nasdaq: AAPL) is indicated for a lower open Monday despite reports its next iPhone might be shipping out soon.

According to Digitimes, sources said manufacturer Pegatron has begun production of Apple's new mobile device. The new iPhone is expected to be thinner with new "in cell" panel technology and also run on a 4G LTE network.

In addition, Pegatron is also said to be the second OEM makers of the next iPad, expecting shipments of "a few million units" in the third quarter.

Shares of Apple are down about 1 percent in early trading.

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