Report: Apple orders 24 million iPhones

Apple's contract manufacturer building the next iPhone plans to ship 24 million units by the end of this year, according to a new report.

The report from Digitimes on Monday said Taiwan-based Foxconn will ship 4.5 million next-gen iPhones by the end of June, and 19.5 million by the end of 2010.

possible explanations could be that Apple is planning big price cuts on this model, which could move more units. Or, and this would jibe with reports that the company's building a CDMA phone, it could be planning to add more carrier partners. More outlets to sell the phone would mean more supply.

For more on this story, read Report: Apple readying 24 million units of next iPhone on CNET News.