The prospect of an Apple iPhone continues to set Wall Street tongues wagging.

Following rumours that Apple has hired Foxconn to manufacture 12 million iPhones next year, Bear Stern's analysts, Andy Neff, Bill Hand and Ted Chung told clients the release of the much-mooted product could drop an extra $6 billion in revenue (22 per cent of earnings) into Apple's bank account next year.

To arrive at the figure, the analysts expect the device will cost in the region of $300 and a 15 per cent margin on the product.

Apple also seems set for success with its existing iPod range this Christmas. Carl Howe of Blackfriars Communications expects that Apple's iPod range will be accessible to a wider market, following the introduction of the iPod shuffle.

"Moving the price points down addresses a consumer segment who previously had considered iPods out of reach - and it boosts demand among the existing customer segments," he writes.

DigiTimes chimes in with yet more information taken from its sources in the Far East. A report today explains that Taiwanese firms will benefit from the release of the iPhone, speculating that it will host a 2-megapixel camera. It speculates at other components of the product, claiming its keypad will come from Sunrex Technology, for example.