Foxconn has allegedly started building the new iPhone 5S. Historically, Apple keeps the same body between each yearly upgrade to the device, which means Foxconn won't have to deal with manufacturing an entire new body, but instead will probably need to focus on dropping new components in.

We're expecting a faster processor at the very least, and probably a boost in the memory and storage that's available. The latest rumors suggest that Apple will launch the device in August.

This isn't the first time we've heard that Apple production would begin in March. Back in January, Jefferies analyst Peter Misek — whose track record is shaky to say the least — predicted that production would start this month. At the time, Misek also suggested the device will launch in June or July.