Seth Weintraub from 9to5Mac has a source within Foxconn that claims Apple is readying the iPhone 5 -- as it's apparently being called -- for production in time for a summer release. The leak also claims:
Foxconn is planning to double the size of their iPhone factory in China at a cost of $1.1 billion dollars, according to Chinese news site China Daily.
The base will be centered on the Foxconn Science Park in Zhengzhou, provincial capital of Henan, increasing its current production lines to 95, said the Henan provincial development and reform commission during a conference. The expansion plan, costing 7 billion yuan ($1.1 billion), is expected to bring $20 billion in sales revenue in 2012, the commission said.
Bloomberg reports that Apple has cut iPad 2 orders from Foxconn in China by up to 25%, which likely indicates Apple shifting production to the new Brazilian plant, according to JPMorgan analyst Mark Moskowitz.
According to a report by Brazilian technology website UOL, the Brazilian Minister of Science and Technology, Aolizio Mercadante, has confirmed that the new Foxconn factory in Jundiai is up and running. The iPad 2 production line is in operation and they will begin shipping this December.