Cnet is reporting that Taiwanese ODM, HonHai, has received an order for 12 million iPhones from Apple. They further speculate that the phone will be an unlocked GSM phone that would work out-of-the-box with a T-Mobile or Cingular GSM card. Only downside to that approach.... no contract means no hardware subsidy. So be prepared to pay full price for the iPhone (expected in Q107).
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