iPhone Production Reportedly Ramping Up

NEW YORK ( TheStreet) -- As Apple ( AAPL) gets ready to launch the new iPhone, its partners are gearing up and getting ready for prime-time.

Apple's manufacturing partner in China, Foxconn, has been ramping up hiring since last month, adding about 10,000 assembly workers per week to its Zhengzhou plant, The Wall Street Journal noted, citing executives familiar with the situation.

Speculation in the market place has been that Apple would announce the new iPhone, named the iPhone 5S, in the summer. With Foxconn ramping up hiring, a summer release for the next version of the iPhone makes sense.

The Phone 5S will reportedly feature the same body as the iPhone 5, with a 4-inch screen and thinner display, but may come with an advanced processor and better camera. The iPhone 5 currently offers the 8MP iSight camera, with improved HDR capabilities for better color and tone and reduced motion blur.

There have also been recent reports that the next version of the iPhone 5 would incorporate technology from one of Apple's recent acquisitions, AuthenTec, a company that deals with mobile and network security solutions. AuthenTec's fingerprint technology could be used in the next iPhone to unlock the phone, or perhaps even for payments processing.

An Apple spokeswoman declined to comment for this story.

Shares of Apple were lower in Monday morning trade, off 1.35% to $423.989.

-- Written by Chris Ciaccia in New York

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