Apple's manufacturing partner, China-based Foxconn, has been ramping-up hiring since last month, according to the The Wall Street Journal. The report further fueled chatter that Apple may be preparing to start selling its next version of the iPhone sometime this summer.
The Cupertino, Calif.-based firm has not divulged any of its iPhone plans, though media reports suggest it could be similar in size and shape to the existing iPhone 5. Nonetheless, there's speculation that the iPhone 5S could offer a faster processor and enhanced camera, as well as fingerprint security technology from AuthenTec.
Apple enjoyed record iPhone revenue during its recent fiscal first-quarter results, selling 47.8 million of the smartphones, compared to 37 million in prior year's quarter.Shares of Apple, which have tumbled more than 20% this year, fell 2.32% to $419.85 during Monday's trading. Which feature would you most like to see on Apple's next iPhone? Take TheStreet's poll and tell us:
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts