Foxconn has reportedly received the order for the next generation Apple iPhone, according to Mobile Review editor Eldar Murtazin.

Piper Jaffray’s analyst Gene Munster has these to say in regard to the purported iPhone 4G:

Build an iPhone for Verizon. Munster continues to believe there’s a 70% chance Verizon will get an iPhone before the end of 2010. The value of more than doubling the phone’s addressable market — i.e. adding Verizon’s 89 million U.S. subscribers to AT&T’s 82 million — would more than justify the cost of manufacturing a CDMA iPhone, according to Munster.

Give the iPhone a battery that lasts longer than one day. “Apple has introduced advanced battery technology with its portable Macs,” he writes, “and we expect the company to dramatically improve the iPhone battery life with the next several hardware launches.”

Turn the iPhone into a digital wallet. Munster predicts that future iPhones will have built-in RFID (radio-frequency identification) technology, allowing them to make retail payments with a single swipe.

We await with bated breath.