Apple suppliers plan to begin assembling a new low-cost iPhone in February, according to Bloomberg's sources.

Apple is expected to officially unveil the new phone as early as March. The assembly work for the new handset will be split among Hon Hai Precision Industry, Pegatron Corp. and Wistron Corp.

The iPhone SE successor will look similar to the iPhone 8 from 2017 and include a 4.7-inch screen, according to previous reports. The new phone is expected to have Touch ID built into the home button and not an in-display fingerprint sensor. It will not have Apple’s Face ID biometric authentication, but it will feature the same processor as Apple’s current flagship device, the iPhone 11.

Apple is also said to have asked chipmaking partner Taiwan Semiconductor Manufacturing Co. to increase its output of A-series processors this quarter in order to satisfy higher-than-anticipated iPhone demand.

The iPhone 11 and 11 Pro models were well received on their debut in the fall and their sales in China have been particularly strong, outselling 2018’s releases in a market that has otherwise been shrinking.

Apple declined to comment.

Apple is planning a slew of new high-end iPhones for release later in 2020 that include 5G connectivity, faster processors, and new 3-D cameras on the back.