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Hon Hai Selected to Produce Next Gen iPhone

According to anonymous sources, Hon Hai, one of Taiwan's largest contract electronics manufacturer, has won the bid to manufacture the next generation iPhone. There has been rampant speculation whether a 3G or a sub-$300 level iPhone will be introduced in the second half of 2008.

Some analysts are speculating that the new iPhone will be introduced in May and will help Apple reach its target goal of selling 10 million iPhones this year.

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