Electronista was first to report Friday that industry sources had notified Digitimes of a November start for production of a CDMA iPhone 4. Sources said shipments of the smartphone from Taiwanese hardware manufacturer Pegatron will likely reach "3-4 million units in the first three months, and 10 million by mid-2011."
Friday's report is mostly in line with earlier rumors. In June, Digitimes reported that Pegatron had received orders from Apple for the CDMA iPhone 4.
"Pegatron will also start shipping a CDMA version of the iPhone 4 to Apple in the fourth quarter and is currently using its plants in Shanghai, China to produce the products, the sources noted," the June report said.
Bloomberg corroborated the rumors later in June when it reported that Verizon was expected to begin selling the iPhone in January 2011.
On Wednesday, an analyst with Susquehanna Financial Group told investors that overseas suppliers were preparing to build 3 million CDMA iPhones in December in preparation for an early 2011 launch.
On the other hand, Verizon CEO Ivan Seidenberg expressed hope Thursday that Verizon will eventually sell the iPhone for its long-term evolution 4G network, but gave no indication that the iPhone was coming to its current-generation CDMA network. Verizon is on track to launch its LTE network in 30 U.S. cities by the end of 2010.
Analysts have disagreed on the effect that a Verizon iPhone will have on both Verizon's and AT&T's profits. Credit Suisse raised its price target for AT&T this week after calculating that AT&T iPhone subscribers switching to Verizon would not significantly harm the company's bottom line.