Apple to begin production of iPhone 5S this quarter, say reports

There may be some truth in the recent rumours about Apple's next iPhone launching this summer. According to the Wall Street Journal, the company plans on beginning production of the device this financial quarter. Going by the rumours, the new device is simply going to be a refreshed version of the iPhone 5 and will have a similar size and shape.The report by WSJ also states that Apple is continuing to work on a less expensive iPhone with manufacturers in Asia. The general consensus about this seems to be that the cheaper iPhone will hit shelves sometime in the second half of the year. Click here for full story