The next iPhone will, not surprisingly, sport a 5 MP camera. The Chosun Ilbo reports that LG Innotek will provide Apple with the 5-megapixel cameras they need for the next iteration of the iPhone. The cameras went into production at Innotek's Gumi plant this month.
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They are expected to enter mass production after June, which is right in line with everything else we've heard about the iPhone 4G.