A new report suggests Apple’s manufacturing partners are preparing to begin assembling the next-generation iPhone some time between the middle and end of August. This time frame suggests that a launch might not occur until the second half of September at the earliest. Following a series of meetings in Taiwan, Morgan Stanley analyst Katy Huberty issued the new production timeline in a note to investors on Sunday. “Apple’s next iPhone will begin production in mid to late August and ramp aggressively,” the analyst wrote. Her meetings yielded no information about a new prepaid iPhone that might launch as a complimentary model in September, however. Huberty also reaffirmed reports that Apple is working on a branded television product that could open the door to a massive new revenue stream. “We also believe Apple is in the early design stages for a TV, which could add $19 billion and $4.50 of annual revenue and EPS longer-term,” she wrote in the same note on Sunday. Huberty sees Apple stock as a great purchase for investors in spite of its recent downward trend, and most analysts seem to agree, though the stock continues to drop despite countless favorable ratings from analysts.