According to a report over at Barron's Online (a subscription site), two Morgan Stanley analysts have stated that Apple may be working on an iPod that features cellphone capabilities. This iPod plus Phone rumor started years ago, but hasn't really received any solid evidence until now. One Morgan Stanley analysts speculates that a Taiwanese electronic company (Hon Hai) will take part in the iPhone's production, and even a speculated Taiwan Green Point Enterprises involvement in the production as well.

Most of us are aware of the iTunes-enabled cell-phones, but this new phone will act as a full iPod and a phone, in what many will call the: iPhone. There are no other details at this time, but feel free to read the article over at MobileRead below for more information.