Apple iPhone (iPod + Cellphone) in Q4 2006

The much awaited Apple iTunes cellphone (called iPhone) will hit the shelves later this year.Apple is working on "an iPod with phone functions" and could end up using Hon Hai Precision, a Tiawanese contract electronics manufacturer, to help them make the phone, says Johnny Chan, a J.P. Morgan analyst based in Hong Kong. Hon Hai has a big role in making the iPod Nano.Barron's Online reports while